Abu Dhabi’s ADNOC in alliance with Proman for UAE’s first ‘world-scale’ methanol plant

Abu Dhabi’s ADNOC in alliance with Proman for UAE’s first ‘world-scale’ methanol plant

Dubai: The Abu Dhabi energy giant ADNOC will in alliance with Proman - one of the world’s leading producers of methanol - develop the UAE's first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais. This will see the Abu Dhabi Chemicals Derivatives Company (TA'ZIZ) and Proman build a natural gas to methanol facility with a likely capacity of up to 1.8 million tons per annum. The facility will meet "growing domestic and international demand for this clean and versatile chemical commodity". It is being used as a lower-emission fuel alongside existing uses spanning industrial products. (The project is subject to relevant regulatory approvals.) TA’ZIZ is a joint venture between ADNOC and ADQ, an Abu Dhabi-based investment company. The partnership with Proman will "capitalize upon ADNOC’s attractive value proposition for downstream petrochemicals, ADQ’s diversified portfolio and Proman’s extensive construction and operational expertise as the world’s second largest methanol producer". "This world-scale plant advances the TA’ZIZ mission to diversify the UAE’s economy and accelerate industrial development, by enabling local supply chains through the production of new chemicals in the UAE," said Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group