Ta’ziz awards USD 1 bn EPC contract: Ta’ziz — a joint venture between Adnoc and ADQ — has awarded a USD 1 bn engineering, procurement and construction (EPC) contract to Alghanim International for a cogeneration utilities plant in Abu Dhabi, according to a statement. The facility, Project Volta, will provide utilities to the petrochemicals plants located in the Ta’ziz Industrial Chemicals Zone in Abu Dhabi’s Al Ruwais Industrial City. India’s Larsen & Toubro was the only other company in the running for the EPC contract, Meed reported last month.

T’aziz has been busy awarding contracts for Ruwais: Ta’ziz has already awarded three USD 2 bn (AED 7.34 bn) contracts for infrastructure development at its chemicals and transition fuels site in Al Ruwais Industrial City. The 17 sqkm facility will produce caustic soda, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride, low-carbon ammonia, and methanol, many of which will be manufactured in the UAE for the first time. Production is scheduled to start in 2027, with a target of 4.7 mn tonnes per year by 2028.

There’s more: Ta’ziz awarded Samsung E&A a USD 1.7 bn, 44-month EPC contract to build the UAE’s first green methanol plant in the complex last month. The facility will have an annual production capacity of 1.8 mn tons. Some AED 18 bn (over USD 5 bn) will be invested in the first phase of development.

Also in the pipeline: T’aziz also 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.

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