Logo of Sahara International Petrochemical Co. (Sipchem)
Sahara International Petrochemical Co. (Sipchem) today 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, with an annual production capacity of 1.8 million metric tons. 
In a statement to Tadawul, the company explained that its wholly-owned project represents a pivotal strategic step in its plans to grow and expand in the petrochemical sector.
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, the statement added.
Moreover, Sipchem builds on its accumulated experience and outstanding operational track record in the methanol industry, along with a disciplined approach to project development and the adoption of the latest, most energy-efficient technologies, which in turn enhances the project’s readiness for implementation according to the highest operational standards and supports its long-term competitiveness, while creating sustainable value and deepen the strategic and investment impact of this new investment.
Sipchem also noted that any material developments related to the project will be announced in accordance with the applicable regulations and instructions.
Logo of Sahara International Petrochemical Co. (Sipchem)
Sahara International Petrochemical Co. (Sipchem) today 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, with an annual production capacity of 1.8 million metric tons.
In a statement to Tadawul, the company explained that its wholly-owned project represents a pivotal strategic step in its plans to grow and expand in the petrochemical sector.
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, the statement added.
Moreover, Sipchem builds on its accumulated experience and outstanding operational track record in the methanol industry, along with a disciplined approach to project development and the adoption of the latest, most energy-efficient technologies, which in turn enhances the project’s readiness for implementation according to the highest operational standards and supports its long-term competitiveness, while creating sustainable value and deepen the strategic and investment impact of this new investment.
Sipchem also noted that any material developments related to the project will be announced in accordance with the applicable regulations and instructions.
