SAMSUNG E&A awarded US$ 1.7 billion contract for TA’ZIZ methanol project in UAE
Technology

SAMSUNG E&A awarded US$ 1.7 billion contract for TA’ZIZ methanol project in UAE

This project includes the construction of a methanol plant with a production capacity of 1.8 million tons per annum

  • By ICN Bureau | February 03, 2025

SAMSUNG E&A, a total solutions provider for the global energy industry, announced through a public disclosure that it had received a Letter of Award (LOA) on 31 January for the EPC of the TA'ZIZ Methanol Project. The contract value is US$ 1.7 billion, with a contract duration of 44 months.

This project includes the construction of a methanol plant with a production capacity of 1.8 million tons per annum at the TA'ZIZ chemicals and transition fuels ecosystem being developed in the Ruwais Industrial Complex, UAE.

SAMSUNG E&A will bring its successful experience of a recently completed methanol plant in Malaysia and the active application of its unique execution system, characterized by modularization and automation, to the project.

Hong Namkoong, President and CEO of SAMSUNG E&A stated, "We plan to actively leverage local resources and our network of partners based on our extensive regional experience in the Ruwais Industrial Complex, UAE." He added, "SAMSUNG E&A will ensure the project's success by applying our differentiated execution system, which integrates our innovative technologies such as modularization and automation."

TA’ZIZ is a joint venture between ADNOC and ADQ, an Abu Dhabi-based investment and holding company.

Register Now to Attend Chem Connect 2025 on August 21th 2025, Novotel Mumbai International Airport

Upcoming Conferences

Chem Connect 2025

August 21, 2025

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization