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Source:
الاقتصادية
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Sabic Approved for Methanol Feedstock
SABIC has obtained approval from the Ministry of Energy to allocate the feedstock required for the construction of a methanol production plant in the Industrial City of Jubail, with a production capacity of 1.8 million tons annually. The project is part of its strategy to promote sustainable growth and increase shareholder returns, and it is considered a component of the Kingdom’s efforts to develop national industries in line with Saudi Vision 2030. The project is still in the pre-final investment decision stage, and any significant developments will be announced later. Its goal is to strengthen SABIC’s presence in the petrochemical sector and support Saudi Arabia’s global standing in the industry.
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