SAMSUNG E&A, a solutions provider for the global energy sector, has been provided with a letter of award for the engineering, procurement, and construction of the TA'ZIZ Methanol Project in the United Arab Emirates (UAE).
The contract is valued at $1.7bn, with a duration of 44 months.
This project involves the construction of a methanol plant with an annual production capacity of 1.8 million tonnes (mtpa), located within the TA'ZIZ chemicals and transition fuels ecosystem currently being developed at the Ruwais Industrial Complex.
SAMSUNG E&A will leverage its experience from a recently completed methanol plant in Malaysia, along with the active use of its execution system, in the delivery of this project.
SAMSUNG E&A president and CEO Hong Namkoong 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.
“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.”
In December last year, SAMSUNG E&A secured a contract for a biorefinery capable of producing sustainable aviation fuel (SAF) and other biofuels such as renewable diesel and hydrogenated vegetable oil.
The project was designed to address the growing demands of the global aviation and transportation sectors by utilising the expertise of each partner involved. It marked SAMSUNG E&A's first formal venture into the SAF market.
