Adnoc and Proman to build UAE’s first methanol production factory in Ruwais – The National

Adnoc and Proman to build UAE’s first methanol production factory in Ruwais – The National

Abu Dhabi National Oil Company signed an agreement with global methanol producer Proman to build the UAE's first methanol production facility at the Ta'ziz Industrial Chemicals Zone in Ruwais to meet growing global demand for the commodity.

The natural gas to methanol facility is expected to have an annual capacity of up to 1.8 million tonnes and will be built by Abu Dhabi Chemicals Derivatives Company (Ta'ziz), a joint venture between Adnoc and Abu Dhabi investment and holding company ADQ, in partnership with Proman, the world’s second largest methanol producer.

The facility will meet "growing domestic and international demand" for methanol, which is gaining momentum as a lower-emission fuel alongside its existing uses spanning industrial products, according to a statement on Thursday. It is subject to regulatory approvals.