Recently, TA'ZIZ, the first large-scale public-private chemical investment company in the UAE, announced that it has officially signed an EPC contract for a methanol plant construction project with South Korea's SAMSUNG E&A, with a contract period of 44 months.

Project Overview

The project is located in Al Ruwais Industrial City in Abu Dhabi, UAE. It plans to produce 1.8 million tons of methanol per year and will become one of the world's largest methanol plants and the first methanol manufacturing plant in the UAE.

The project is expected to have a total investment of US$1.7 billion. The project is expected to be completed in 2028 and is planned to be powered by clean energy, with the goal of becoming one of the most energy-efficient methanol plants in the world.Samsung Engineering in the UAE Samsung Engineering is one of the core subsidiaries of Samsung Group of South Korea. It was established in 1970 and focuses on engineering, procurement and construction (EPC) services, covering energy, chemicals, infrastructure and other fields.Editor/Zhao E