Saudi Aramco supplies feedstock to Sipkim
The Saudi Ministry of Energy has approved the allocation of feedstock quantities to Sahara International Petrochemical Company ("Sipchem") for the establishment of a methanol plant in Jubail Industrial City with an annual production capacity of up to 1.8 million tons. This project is considered a strategic step to enhance the company's production capacity by 45%, aiming to improve economic returns and achieve sustainable growth. At the same time, Sipchem recorded a net loss of 215 million riyals in the first quarter, compared to a previous profit of 195 million riyals, due to decreased sales and falling prices resulting from supply chain challenges.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)