HomeNewsTA’ZIZ and Proman Sign Shareholders’ Agreement to Develop UAE’s First Methanol Facility

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TA’ZIZ and Proman Sign Shareholders’ Agreement to Develop UAE’s First Methanol Facility

1/20/2023

Press Release - Proman   Partnership progresses for world-scale 1.8 million tons per annum methanol production facility at the TA’ZIZ Industrial Chemicals Zone Growing global demand for methanol is driven by its range of uses, and demonstrated decarbonization potential, unlocking new local manufacturing to “Make it in the Emirates” and value-add export opportunities Facility to be one of the most technologically advanced and low-emission natural gas-to-methanol facilities in the world   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 United Arab Emirat

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