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SABIC Gets Energy Ministry Approval for Feedstock Allocation
Saudi Arabian Sabic Global Petrochemicals Company (Sipkim Global) has received approval from the Ministry of Energy to allocate the necessary feedstock for establishing a new methanol plant in Jubail Industrial City, Saudi Arabia, with a production capacity of up to 1.8 million tons annually. The project is a strategic move to enhance the company's capabilities, with an anticipated 45% increase in overall production capacity. It will also contribute to improving operational efficiency, building on the company's expertise and adopting the latest technologies to achieve long-term sustainability and competitiveness.
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