Samsung E&A has received a Letter of Award (LoA) for the EPC of the TA'ZIZ Methanol Project.
The contract value is $1.7 billion (€1.64 billion), with a contract duration of 44 months.
This 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, 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, characterised by modularization and automation, to the project.
Hong Namkoong, president and CEO of Samsung E&A, said: "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 modularisation and automation."
Samsung E&A awarded petrochemical contract in the UAE
