Chemanol obtains Ministry of Energy’s approval for allocating required feedstock for producing specialty petrochemical products

Methanol Chemicals Company (Chemanol) announced on Sunday the issuance of the Ministry of Energy’s approval on 30/11/2023 to allocate the required feedstock for manufacturing Methyl Diethanolamine, Choline Chloride Dimethyl Disulfide, N-Methyl pyrrolidone.

The Company aims to become one of the largest manufacturers of specialized petrochemical products in the region through the implementation of these promising projects.

The Company explained that all the targeted products would be the first of their kind in the region, such products would be used in many vital and strategic industries in the Kingdom such as the oil and gas, pharmaceuticals, fertilizers, construction materials, fuel additives, gas treatment, carbon capture, paints and coatings which have a growing demand in both local and regional markets.

The company has made understandings with some of the technology providers and raw material suppliers. And the financial impact of these projects will be determined later upon completion of all related studies.