Sahara International Petrochemical Company (Sipchem) announced that the company obtained the approval of the Ministry of Energy for an allocation of the required feedstock quantities to develop a methanol plant in Jubail Industrial City, Saudi Arabia, with an annual production capacity of 1.8 million metric tons.
Upon completion, the project is expected to significantly enhance Sipchem’s capabilities and increase the company’s overall production capacity by 45%.
It will also enhance operational integration with existing assets, help maximize added value, increase supply chain efficiency, improve economic returns, and strengthen the company’s resilience and ability to achieve sustainable long-term growth.
Any material developments related to the project will be announced in accordance with the applicable regulations and instructions.
