# TA'ZIZ Closes $1.39 Billion in Financing for Ruwais Ammonia Plant and Export Terminal

> TA'ZIZ closed $1.39 billion for a Ruwais ammonia plant and export terminal, with Sumitomo Mitsui Banking Corporation advising the ammonia facility financing.

- Published: 2026-11-05T04:07:59+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-05/taziz-ruwais-ammonia-terminal-financing
- Source: [Yahoo](https://finance.yahoo.com/energy/articles/ta-ziz-secures-1-39-032000944.html)

## Key takeaways

- TA'ZIZ closed $1.39 billion in financing for an ammonia facility and a liquid chemicals storage and export terminal in Ruwais, Abu Dhabi.
- The TA'ZIZ Terminal project secured more than $928 million, including $225 million in Islamic financing.
- Sumitomo Mitsui Banking Corporation was exclusive financial adviser for the ammonia financing, a six-year facility involving seven banks.

TA'ZIZ closed $1.39 billion in financing for an ammonia production facility and a liquid chemicals storage and export terminal in Ruwais, Abu Dhabi, the company said. The financing was announced Wednesday at ADIPEC 2026, according to [Yahoo](https://finance.yahoo.com/energy/articles/ta-ziz-secures-1-39-032000944.html). Both financing arrangements were oversubscribed.

## TA'ZIZ Splits Financing Between Terminal and Ammonia

The TA'ZIZ Terminal project secured more than $928 million, including $225 million in Islamic financing. The terminal is a joint venture between [ADNOC](https://akta.pro/company-profiles/00009if/adnoc) and Advario Star Energy and will provide storage and export infrastructure for the TA'ZIZ Industrial Chemicals Zone, connecting chemical producers in Ruwais with international markets.

More than $460 million was secured for the TA'ZIZ Ammonia project, a joint venture involving TA'ZIZ, Fertiglobe (ADX: FERTIGLB), Mitsui & Co. (TSE: 8031) and GS Energy. The facility is designed to produce 1 million metric tons annually and supports Fertiglobe's strategy to expand its lower-carbon ammonia business.

Engineering, procurement and construction work on the ammonia facility, awarded to Tecnimont, is more than 90% complete, while work on the terminal project, awarded to [Rotary](https://akta.pro/company-profiles/000odhs/rotary) Engineering, is approximately 70% complete. The financing builds on TA'ZIZ's earlier $2 billion financing package for its methanol project, bringing total financing across the three developments to more than $3.39 billion. The methanol facility, developed with Proman, is designed to produce 1.8 million tons annually and is targeted for completion in 2028.

Mitsubishi UFJ Financial Group advised on the terminal financing, which involves nine regional and international banks under a long-term, non-recourse arrangement. Sumitomo Mitsui Banking Corporation served as exclusive financial adviser for the ammonia financing, arranging a six-year facility involving seven banks from China, Kuwait, Spain and Singapore.

## TA'ZIZ's Chemicals Zone Pipeline

According to akta.pro [company records](https://akta.pro/company-data), TA'ZIZ is a joint venture between ADNOC and ADQ developing a 14 square-kilometer chemicals and transition fuels ecosystem in Al Ruwais Industrial City. The zone targets 11 million tonnes per annum of chemicals by 2031, with Phase 1 capacity of 4.7 million tonnes per annum of marketable chemicals by the end of 2028.

In May 2026, TA'ZIZ and Alpha Dhabi Holding signed a strategic collaboration agreement for approximately $10 billion (AED36.7 billion) in capital investment to develop up to 14 new chemicals delivering 2.2 mtpa of additional capacity. In June 2026, TA'ZIZ launched a joint feasibility study with Covestro and XRG to assess a world-scale MDI plant of up to 660 ktpa capacity at the TA'ZIZ Industrial Chemicals Zone.

## Ammonia Operations Targeted for 2027

TA'ZIZ currently targets the start of ammonia operations in 2027. The methanol facility is targeted for completion in 2028.

## Companies in this story

- [TA’ZIZ company profile](https://akta.pro/company-profiles/000c69a/ta-ziz) · website: https://www.taziz.com
- [Rotary company profile](https://akta.pro/company-profiles/000odhs/rotary) · website: https://www.rotaryeng.com.sg
- [ADNOC company profile](https://akta.pro/company-profiles/00009if/adnoc) · website: https://www.adnoc.ae

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