Abu Dhabi’s Ta’ziz has awarded a contract worth $1.7 billion to Samsung E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City in Al Dhafra region.
The 1.8 million tonnes per annum (mtpa) plant will be the first methanol production facility in the UAE and will advance the Emirates' economic diversification by unlocking new domestic chemical value chains, Ta’ziz said in a statement on Monday.
The new plant, upon completion in 2028, will be powered by clean energy from the grid, making it one of the world’s most energy-efficient methanol plants.
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