What is the capacity and timeline of the new methanol plant being developed by the Ta'ziz and Proman joint venture in the UAE?

The Ta'ziz and Proman joint venture has secured funding for a new methanol plant with a capacity of 1.8 million metric tons per year (mt/y) in the UAE, and the project is on target for completion in Q3 2028.

What role does Proman play in the offtake arrangement for the new plant’s output?

Proman has entered into an exclusive offtake deal for the methanol produced by the new plant, securing full rights to purchase its entire output.

Ta'ziz, Proman JV seals funding for 1.8 million mt/y plant in UAE

May 7, 2026

Ta'ziz and Proman JV have secured funding for a 1.8 million mt/y methanol plant in the UAE. Proman signed an exclusive offtake deal, with completion targeted for Q3 2028.

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Ta'ziz, Proman JV seals funding for 1.8 million mt/y plant in UAE

Ta'ziz, Proman JV seals funding for 1.8 million mt/y plant in UAE

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