TAZIZ/Proman - Taziz: Methanol Production Facility
Abu Dhabi Chemicals Derivatives Company RSC Ltd (TAZIZ) and Proman Group AG (Proman) are planning to undertake the construction of the first world-scale natural gas to methanol production facility with an anticipated annual capacity of up to 1.8 million tons per annum at the TAZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi.
TAZIZ is a joint venture between Abu Dhabi National Oil Company (ADNOC) and ADQ, an Abu Dhabi-based investment and holding company.
The facility will meet growing domestic and international demand for this clean and versatile chemical commodity which is gaining momentum as a lower-emission fuel alongside existing uses spanning industrial products. The production of methanol in the UAE will support decreased reliance on imports, enabling local manufacturers to âMake it In the Emiratesâ and establish greater resiliency among domestic supply chains.
The US$300 million project includes the following:
1. Construction of a methanol complex with a capacity of 1.8 million tons per annum
2. Construction of distillation units
3. Installation of reactors
4. Installation of compressors
5. Construction of offsite and utilities
6. Construction of other associated facilities
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03 December 2024
The main contractor is not yet awarded officially to Samsung E&A.
08 November 2024
Samsung E&A Company has emerged as the frontrunner for the project. (Source: MEED)
18 October 2024
The commercial bids have been submitted & the following companies bidded are Samsung E&A, Technip Energies, Larsen & Toubro Energy Hydrocarbons, and Petrojet. (Source: MEED)
08 September 2024
The commercial bid submission is due on September 16, 2024. (Source: MEED)
23 July 2024
The technical bids for engineering, procurement, and construction (EPC) works have been submitted on July 22, 2024. (Source: MEED)
27 June 2024
The technical bid submission has been extended till July 17, 2024. (Source: MEED)
14 June 2024
Samsung E&C, L&T, Technip have been pre-qualified and are likely to submit bids for the project.
16 May 2024
The technical bid submission has been extended till June 17, 2024. (Source: MEED)
05 February 2024
The technical bid submission is on April 17, 2024. (Source: MEED)
25 January 2024
The main contract tender has been issued with bid submission in the second week of April 2024. Samsung E&C Company is likely to submit bids for the project.
21 December 2023
The main contract tender is not yet issued.
25 August 2023
Prequalification documents have been submitted for the project. (Source: MEED)
28 July 2023
Technip Energies has been awarded as front-end engineering and design (feed) consultant. The front-end engineering and design (feed) work is currently progressing on the project. The FEED works are expected to be completed by Q3 2023. (Source: MEED)
30 May 2023
The project is in study stage.
22 January 2023
Taziz has signed a shareholders agreement with Switzerland-based energy to build the UAEâs first methanol plant. (Source: MEED)
08 November 2022
The client is focused on progressing of the project at the TAâZIZ Industrial Chemicals Zone.
07 March 2022
ADNOC has signed an agreement with Proman, one of the worldâs leading producers of methanol, to develop the methanol production facility. The project is subject to relevant regulatory approvals.