Chemanol signs MoU with National Industrial Development Centre to explore investment opportunities in petrochemical sector

Methanol Chemicals Company “Chemanol” announced the signing of a Memorandum of Understanding with the National Industrial Development Centre (NIDC) for two years in order to enhance the Company’s expansion plans and achieve the best means of cooperation regarding the industrial investment opportunities in the specialized petrochemical sector and conducting feasibility studies

By Signing the MoU, the company aims to explore the investment opportunities in the localization of speciality chemicals, and catalysts, adding to support in expansion projects pertaining to Chemanol and its existing projects.

It is worth mentioning that the Company’s expansion plans in the specialized petrochemical sector aim to localize the products and technologies to contribute to achieving the goals of the Kingdom’s Vision 2030.