24 Hrs
Source:
الاقتصادية
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Sabic Develops 1.8M Ton Methanol Plant
SABIC is planning to establish a new methanol plant in Jubail with an annual production capacity of 1.8 million tons, as part of its strategy to boost growth in the petrochemical sector. The company has received approval from the Ministry of Energy to allocate the necessary feedstock for the project, supporting the feasibility study and strengthening its financial and investment position. The project is still in its early stages, and a start date for construction has not yet been determined. The goal is to use methanol in various industries, such as fuel and converting it into other petrochemical materials, in line with SABIC's strategy to maximize industrial value.
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