{"id":100341,"date":"2025-02-04T00:00:00","date_gmt":"2025-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/samsung-to-build-first-methanol-plant-in-uae\/"},"modified":"2025-02-04T00:00:00","modified_gmt":"2025-02-04T00:00:00","slug":"samsung-to-build-first-methanol-plant-in-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/04\/samsung-to-build-first-methanol-plant-in-uae\/","title":{"rendered":"Samsung to build first methanol plant in UAE"},"content":{"rendered":"

Ta\u2019ziz \u2014 a joint venture <\/strong>between Adnoc and ADQ \u2014 awarded Samsung E&A a USD 1.7 bn engineering, procurement, and construction (EPC) contract<\/strong> to build the UAE's first green methanol plant in Al Ruwais Industrial Complex in Abu Dhabi, according to a press release<\/a>. The contract\u2019s duration is 44 months. 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.<\/p>\n

What we know about the project:<\/strong> Ta\u2019ziz <\/span>signed a shareholder agreement<\/a> 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.<\/span><\/p>\n

Ta\u2019ziz + Adnoc are going all in on methanol and ammonia: <\/strong>Ta\u2019ziz awarded logistics company Advario and the UAE\u2019s NMDC Group EPC AED 2 bn contracts in November<\/a> to develop critical chemicals infrastructure in Al Ruwais, which would serve as an export hub for Adnoc\u2019s chemical productions and service the company\u2019s ammonia and methanol facilities in the complex. The contracts are part of a chemicals infrastructure push to support Adnoc\u2019s ambitions to become one of the top five chemicals producers in the world.<\/p>\n

Also in the pipeline: <\/strong>T\u2019aziz also 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. <\/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":100342,"comment_status":"","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":[1604],"tags":[57,72,143,7,808],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-adnoc","tag-adq","tag-energy","tag-enterpriseam-uae","tag-samsung","wpautop","entry"],"acf":{"mongo_id":"9c360fb0-c425-479c-aaee-2424a57c2819","order":"7","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 build first methanol plant in UAE","related_issue":[100329],"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\/.dbfef36c-d202-4bd7-8e37-faed1aea131d.mp3"},"yoast_head":"\nSamsung to build first methanol plant in UAE - 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