Sipchem Secures Feedstock for 1.8M Ton Methanol Plant

SIPCHEM

SIPCHEM

2310.SA

0.00

On June 24, 2026, Sahara International Petrochemical Company "Sipchem" announced it obtained feedstock allocation approval from the Ministry of Energy to develop a new methanol plant in Jubail Industrial City, Saudi Arabia. The wholly owned project will have an annual production capacity of 1.8 million metric tons and is expected to increase Sipchem's overall production capacity by 45%. The strategic initiative aims to enhance operational integration with existing assets, maximize added value, improve supply chain efficiency, and strengthen the company's long-term growth capabilities in the petrochemical sector.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96337&anCat=1&cs=2310&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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