Samsung E&A, a total solutions provider for the global energy industry, has won an engineering, procurement, and construction (EPC) contract worth $1.7 billion for the Ta'ziz Methanol Project in the UAE. 

 

The 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, Abu Dhabi. 

 

Samsung E&A said it received a Letter of Award (LOA) on January 31 for the project. The contract duration is 44 months. 

 

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, characterised by modularisation and automation, to the project, the company said.

 

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, UAE energy giant, and ADQ, an Abu Dhabi-based investment and holding company. – TradeArabia News Service