Saudi Energy supplies feedstock to Sabic for ethanol plant

The Saudi Ministry of Energy has approved the allocation of feedstock quantities to Sabic for the establishment of a new methanol plant in Jubail Industrial City, with an annual production capacity of up to 1.8 million metric tons. The project aims to increase the company's production capacity by 45% and strengthen its expansion capabilities in the petrochemical sector, supporting sustainable growth and enabling integration with existing assets. However, Sabic reported a net loss of 215 million riyals in the first quarter, due to declining sales and falling prices.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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