UK-based engineering company Wood Group has been awarded a project management consultancy contract for the UAE’s first methanol production facility, the British company said in a statement.

The contract was awarded by Ta’ziz, a joint venture between Abu Dhabi National Oil Company (Adnoc) and state-owned Abu Dhabi Developmental Holding Company (ADQ).

Construction of the plant, in Al Ruwais Industrial City, 240km (150 miles) west of Abu Dhabi city, will be completed by 2028. It will be one of the largest methanol plants in the world with a planned production capacity of 1.8 million tonnes per year.

The facility will be powered by clean energy.

Around 40 Wood project management consultants, supported by experts at the company’s regional energy transition hub in Abu Dhabi, will work with Ta’ziz’s engineering, procurement and construction (EPC) contractor.

The value of the contract was not given.

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In February, the company awarded an AED6.2 billion ($1.7 billion) EPC contract to South Korea’s Samsung E&A.

In the same month Sidara, a Dubai-based engineering and construction consultancy, returned to the negotiating table for talks to take over the troubled Wood Group.

Sidara was in discussions last year over a potential $1.6 billion acquisition, but walked away in August, citing “geopolitical risks and market uncertainty”.