UAE to Develop Methanol Facility in Abu Dhabi

UAE to Develop Methanol Facility in Abu Dhabi

Abu Dhabi National Oil Company (ADNOC) 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 TAZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi.

Under the agreement, Abu Dhabi Chemicals Derivatives Company (TAZIZ) and Proman will construct a natural gas to methanol facility with an anticipated annual 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, gaining momentum as a lower-emission fuel alongside existing uses spanning industrial products.

UAE's Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, Sultan al-Jaber, welcomed Proman as a strategic partner in developing the UAE's first domestic methanol production facility.

Jaber stated that this world-scale plant advances the TAZIZ mission to diversify the UAE's economy and accelerate industrial development by enabling local supply chains to produce new chemicals.

Proman Chief David Cassidy asserted that the company is looking forward to bringing its complete value-chain expertise to this development and expanding its global footprint to the UAE in close partnership with ADNOC and ADQ.

"This will be the first methanol production facility in the UAE and will be