SABIC unit gets feedstock approval
SABIC announced that its subsidiary, the Saudi Methanol Company "Al-Razi," has received approval from the Ministry of Energy to allocate feedstock for the construction of a new methanol plant in Jubail Industrial City, with a production capacity of 1.8 million tons annually. The project aims to enhance methanol production capabilities and support its strategy for sustainable growth in the petrochemicals sector. The project is still in the development stage, and future updates and the final investment decision will be announced once the necessary studies and evaluations are completed.
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