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UAE’s Ta’ziz awards green methanol EPC contract to Samsung: Ta’ziz — a joint venture between Adnoc and ADQ — awarded Samsung E&A a USD 1.7 bn engineering, procurement, and construction (EPC) contract for its green methanol plant in Al Ruwais Industrial Complex in Abu Dhabi, according to a press release published on Monday. The contract’s duration is 44 months.
The details: The facility — to be built in the Ta’ziz Industrial Chemicals Zone in Al Ruwais — will have an annual production capacity of 1.8 mn tons and will be powered by clean energy once completed in 2028, according to a separate statement on Monday.
What else we know: Ta’ziz signed a shareholder agreement for the project in 2023 with Switzerland-headquartered Proman. Most of the chemicals manufactured in the plant will be produced in the UAE for the first time and are presumably chemicals for which methanol is feedstock. Some AED 18 bn (over USD 5 bn) will be invested in the first phase of development.
Ta’ziz is going all in on methanol and ammonia: Ta’ziz awarded USD 2 bn EPC contracts back in November to develop critical chemicals infrastructure in Al Ruwais Industrial Complex to a number of companies, including the chemicals logistics company Advario, Rotary Engineering–Abu Dhabi, and the UAE’s NMDC Group. The infrastructure investment push has been part of a strategy that aims to turn Ruwais into an export hub for Adnoc’s chemical productions and support Adnoc’s ambitions to become one of the top five chemical producers in the world.
There’s also a low-carbon ammonia plant in the works: The company signed a shareholder agreement in January 2023 with Fertiglobe, Korea’s GS Energy Corporation, and Japan’s Mitsui & Co for a low-carbon ammonia factory in the UAE with an annual capacity of around 1 mn tons. The first phase — predicted to attract a multi-bn USD investment over the next 20 years — will produce ammonia that is 50% less carbon intensive than conventional ammonia, while the second phase will double the capacity and will cut carbon emissions further by using carbon capturing and sequestration tech.
