Ta’ziz — a joint venture between Adnoc and ADQ — awarded Samsung E&A a USD 1.7 bn engineering, procurement, and construction (EPC) contract to build the UAE’s first green methanol plant in Al Ruwais Industrial Complex in Abu Dhabi, according to a press release. The contract’s duration is 44 months. 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.

What we know about the project: Ta’ziz signed a shareholder agreement with Switzerland-headquartered Proman for the project in 2023. 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 + Adnoc are going all in on methanol and ammonia: Ta’ziz awarded logistics company Advario and the UAE’s NMDC Group EPC AED 2 bn contracts in November to develop critical chemicals infrastructure in Al Ruwais, which would serve as an export hub for Adnoc’s chemical productions and service the company’s ammonia and methanol facilities in the complex. The contracts are part of a chemicals infrastructure push to support Adnoc’s ambitions to become one of the top five chemicals producers in the world.

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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