Saudi Arabia based Methanol Chemical Companies (Chemanol) has received an approval for the expansion of its existing capacity. The Ministry of Energy has approved for extra feedstock allocation to expand its methanol plant by 100,000 metric tons/year. The company’s current methanol capacity is 230,000 metric tons/year. Chemanol’s downstream portfolio includes formaldehyde and derivatives. The extra methanol will be used to feed new plants, namely dimethyl disulfide and methyl diethanolamine, which will be the first such plants in Saudi Arabia. The company expects the new units to be operational by 2024. The projects form part of Chemanol’s diversification strategy in line with Saudi Vision 2030.
