Abu Dhabi National Oil Company (ADNOC) signed an agreement with Proman, one of the world's leading methanol producers, to develop the UAE's first world-scale methanol production facility at the TAZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi.
Under the agreement, Abu Dhabi Chemicals Derivatives Company (TAZIZ) and Proman will construct a natural gas to methanol facility with an anticipated annual capacity of up to 1.8 million tons per annum.
