Sabic plans 1.8M-ton Jubail methanol plant

Sabic announced its entry into a project with Al Razi Company to establish a new methanol plant in Jubail with an annual production capacity of 1.8 million tons. The company has received approval from the Ministry of Energy to allocate the necessary feedstock for the plant, marking a significant step toward enhancing the project's economic viability before moving on to final approval and capital investment stages. The project is still in its early phases, and no final investment decision has been made yet, but the feedstock allocation supports the feasibility study and strengthens the project’s position when seeking final approvals. The project aligns with Sabic’s strategy to boost growth in the petrochemicals sector and relies on methanol use in fuels, shipping fuels, and the production of other petrochemical materials, giving the project broader dimensions within the industrial value chain. The timeline for starting construction has not yet been determined and depends on completing studies and securing final approvals.

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