{"id":89193,"date":"2025-02-07T00:00:00","date_gmt":"2025-02-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/02\/07\/samsung-to-construct-taziz-methanol-plant-in-uae\/"},"modified":"2025-02-07T00:00:00","modified_gmt":"2025-02-07T00:00:00","slug":"samsung-to-construct-taziz-methanol-plant-in-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/02\/07\/samsung-to-construct-taziz-methanol-plant-in-uae\/","title":{"rendered":"Samsung to construct Ta\u2019ziz methanol plant in UAE"},"content":{"rendered":"

UAE\u2019s <\/strong>Ta\u2019ziz <\/strong>awards green methanol EPC contract to Samsung: <\/strong>Ta\u2019ziz \u2014 a joint venture between Adnoc and ADQ \u2014 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<\/a> published on Monday. The contract\u2019s duration is 44 months. <\/p>\n

The details: <\/strong>The facility \u2014 to be built in the Ta\u2019ziz Industrial Chemicals Zone in Al Ruwais \u2014 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<\/a> on Monday.<\/p>\n

What else we know:<\/strong> Ta\u2019ziz signed a shareholder agreement<\/a> 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. <\/p>\n

Ta\u2019ziz is going all in on methanol and ammonia: <\/strong>Ta\u2019ziz awarded USD 2 bn EPC contracts<\/a> 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\u2013Abu Dhabi, and the UAE\u2019s NMDC Group. The infrastructure investment push has been part of a strategy that aims to turn Ruwais into an export hub for Adnoc\u2019s chemical productions and support Adnoc\u2019s ambitions to become one of the top five chemical producers in the world.<\/p>\n

There\u2019s also a low-carbon ammonia plant in the works: <\/strong>The company signed a shareholder agreement in January 2023 with Fertiglobe, Korea\u2019s GS Energy Corporation, and Japan\u2019s Mitsui & Co for a low-carbon ammonia factory<\/a> in the UAE with an annual capacity of around 1 mn tons. The first phase \u2014 predicted to attract a multi-bn USD investment<\/a> over the next 20 years \u2014 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. <\/p>\n","protected":false},"excerpt":{"rendered":"

The plant will have an annual capacity of 1.8 mn tons<\/p>\n","protected":false},"author":1,"featured_media":89194,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[432],"tags":[80,519,11,274,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-methanol","tag-adnoc","tag-adq","tag-enterpriseclimate","tag-green-methanol","tag-uae","wpautop","entry"],"acf":{"mongo_id":"4ba21f5a-e891-49b6-9069-cc139341d61c","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/177.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Samsung to construct Ta\u2019ziz methanol plant in UAE","related_issue":[89184],"teaser":"The plant will have an annual capacity of 1.8 mn tons","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.e462661c-a666-49c0-8631-c139c95be532.mp3"},"yoast_head":"\nSamsung to construct Ta\u2019ziz methanol plant in UAE - 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