Chemanol’s methanol plant expansion set for completion in Q1 2023

In Saudi Arabia, Arab News reported that Saudi Arabia’s Methanol Chemicals Co. said that the workson its $80 million methanol plant expansion project in Jubail will be completed by the end of the first quarter of 2023. The company noted that the construction of the project had faced delays. In a filing with the Saudi Stock Exchange, the company said that front-end engineering and design work on the facility was 95% complete. The work was initially due to be finished by the end of 2022, but it faced delays due to the late submission of required information from manufacturers, according to the firm. Once complete, Chemanol aims to expand the output capacity to 331,000 tons a year. On March 1, 2020, Chemanol obtained the Ministry of Energy’s approval for allocating the required feedstock to expand the methanol plant and increase its annual output by 100,000 tons.

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