ADNOC to build UAE’s 1st Methanol Production Facility with Proman

ADNOC to build UAE’s 1st Methanol Production Facility with Proman

Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Proman, one of the world’s leading methanol producers, to develop the UAE’s first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi.

Under the terms of the agreement, Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) and Proman will build a natural gas to methanol facility with an annual capacity of up to 1.8 million tons. The facility will support the rising local and global demand for this clean and versatile chemical commodity, which is getting momentum as a low-emission fuel as well as for other industrial uses.

TA’ZIZ is a joint venture (JV) between ADNOC and ADQ, an Abu Dhabi-based investment and holding company. The proposed partnership 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.

Dr. Sultan bin Ahmed Al Jaber

UAE Minister of Industry & Advanced Technology,

MD & Group CEO

ADNOC “We are pleased to welcome Proman as a strategic partner as we develop the UAE’s first domestic methanol production facility. This world-scale plant advances the TA’ZIZ mission to diversify the UAE’s economy and accelerate industrial development, by enabling local supply