Sabic Gets Approval for 1.8 Mt/y Methanol Plant

SABIC has received approval from the Ministry of Energy to allocate feedstock for a methanol production plant in Jubail Industrial City, with an annual capacity of 1.8 million tons. The project is part of the company's strategy to achieve sustainable value and promote future growth. It is currently in the pre-final investment decision stage. The goal of the project is to support the petrochemical industry in the Kingdom and to develop national industries in line with the objectives of Saudi Vision 2030.

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