Saudi Int'l Methanol company begins commercial operations
The Saudi International Company for Methanol, an affiliate of the Saudi International Company for Petrochemicals, has started commercial operation for its factory with a productive capacity of 2,950 metric tons per day under international standards and specifications.
The Company's Japanese partner has agreed to market most of the factory's production. 60% of the company's personnel are Saudis, according to SPA news agency.
It should be noted that the International Saudi Company for Methanol is a joint venture between the Saudi International Company for Petrochemicals, which owns 65 percent of the capital, and the Arab-Japanese Company for Methanol, which owns 35 percent of the capital.
The Saudi International Company for Petrochemicals, is a Saudi stock company, which was established in 1999 with a paid up capital of SR 650 million.
The company focuses on petrochemical and chemical industries, as well as hydro-carbonic basic industries.