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Emirates News Agency - TA'ZIZ, Proman sign shareholders' agreement to develop UAE's first Methanol facility

ABU DHABI, 19th January, 2023 (WAM) Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and PROMAN AG (Proman), one of the world’s leading producers of methanol, have signed a shareholders' agreement to develop the UAE’s first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi.The facility has an anticipated annual capacity of up to 1.8 million tonnes and will meet growing domestic and international demand for this clean and versatile chemical commodity. Methanol has a variety. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Khaleefa Yousef Al Mheiri , Al Ruways , Ministry Of Industry , Mitsui Co Ltd , Reliance Industries Limited , Abu Dhabi Chemicals Derivatives Company , Gs Energy Corporation , Shaheen Chem Holdings Investments , Reliance Industries , Chemicals Zone , Yousef Al Mheiri , Chief Executive Officer , Advanced Technology , Managing Director Proman , Joint Venture ,