SAMSUNG E&A, a total solutions provider for the global energy industry, announced through a public disclosure that it had received a Letter of Award (LOA) on 31 January for the EPC of the TA'ZIZ Methanol Project. The contract value is USD 1.7 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, 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."
*TA’ZIZ is a joint venture between ADNOC and ADQ, an Abu Dhabi-based investment and holding company.
About SAMSUNG E&A
SAMSUNG E&A is a specialized EPC company that provides comprehensive solutions across all areas of the plant industry. With strong pride for our pioneering role in the history of the Korean plant industry in the past 50 years, we successfully performed numerous projects around the world and grew into a globally competitive engineering company.
We continuously expand our business across the engineering industry including Oil and Gas processing, Refinery, Petrochemical, Industrial, Environmental, BIO, and Green Solution areas. Based on our extensive experience, accumulated technologies and talented resources, we provide various services from the feasibility studies to engineering, procurement, construction, commissioning and O&M.