Samsung E&A, a total solutions provider for the global energy industry, has won an engineering, procurement, and construction (EPC) contract worth $1.7 billion for the Ta’ziz Methanol Project in Abu Dhabi.

The 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.

Samsung E&A said it received a Letter of Award (LOA) on January 31 for the project. The contract duration is 44 months. 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.

“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, the UAE energy giant, and ADQ, an Abu Dhabi-based investment and holding company.