Samsung E&A awarded EPC contract for 1.8-MMtpy TA'ZIZ Methanol project in the UAE
Samsung E&A announced that it had received a Letter of Award (LoA) on January 31 for the EPC of the TA'ZIZ Methanol Project. The contract value is $1.7 B, with a contract duration of 44 months.
This project includes the construction of a methanol plant with a production capacity of 1.8 MMtpy at the TA'ZIZ chemicals and transition fuels ecosystem being developed in the Ruwais Industrial Complex, UAE.
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, characterized by modularization and automation, to the project.
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."
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