Saudi Arabia's Chemanol plans to build new specialty chemical plants
Saudi Arabia-based Methanol Chemicals Company (Chemanol) is planning to construct many new specialty chemical projects during the next four years.
Chemanol CEO Khalid Ibrahim Al Rabiah was quoted by Platts as saying that majority of the proposed plants will use methanol or propylene as feedstock.
"We are trying to manufacture products that will be of use in construction and water [desalination] industries and are focusing primarily on the domestic Saudi Arabian market, but we will also export," Al Rabiah added.
Chemanol's board has also approved construction of a new 60,000 mtpa sulphonated naphthalene formaldehyde plant at Jubail, Saudi Arabia.
The SAR75m ($20m) Jubail plant will start being constructed in 2013, with commercial operations expected to be launched in 2015.
Chemanol at present produces 60,000 mtpa of SNF at its Jubail complex, 60,000mtpa of dimethylformaldehyde, 231,000mtpa of methanol and 300,000mtpa of other formaldehyde products.