TAZIZ partners with Proman to develop methanol plant in the UAE

In the United Arab Emirates, Rigzone reported that Abu Dhabi Chemicals Derivatives Company (TAZIZ) and methanol producer Proman have signed an agreement to develop what it claims to be UAE’s first world-scale methanol production facility. The methanol plant will be located at the TAZIZ Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi, according to the report. The facility will have an annual capacity of up to 1.8 million tons.  “This agreement continues to build momentum at TA’ZIZ and advances our mission to diversify the UAE’s economy and accelerate industrial development. Our partnership with Proman underlines the UAE’s attractiveness as a destination for international partners and investors as we progress plans to produce methanol at world-scale in Al Ruways. New chemicals in the UAE will enable new local supply chains and support long-term industrial growth for Abu Dhabi’s private sector,” Khaleefa Yousef Al Mheiri, TAZIZ acting CEO, said. The report also noted that the agreements are subject to regulatory approvals.

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