Chemanol signs contract for methanol plant expansion

Saudi Arabia’s Methanol Chemicals Company (Chemanol) had awarded the preliminary engineering design contract to expand its methanol plant. 
Located in Al Jubail Industrial City, Chemanol, the formaldehyde producers situated in a single location with a total annual production capacity of one million metric tonnes.
Chemanol said in an Arabic language stock exchange statement that it had received clearance from the Ministry of Energy to allocate the necessary feedstock for increasing the annual production of its methanol plant by about 100,000 tonnes to 331,000 tonnes.
The statement didn’t disclose the engineering design consultant’s name or contract value but said the agreement had been signed with the company that owns the technology for the current methanol plant.
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