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Home March 14, 2010

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Saudi methanol producer plans expansion program

Published Sunday, December 01, 1996

Saudi Methanol Co., an affiliate of Saudi Basic Industries Corp., and a consortium of Japanese companies signed a $160 million loan agreement with the Export Import Bank of Japan to finance its expansion program. AR-RAZI president Abdulaziz I. Alaudah signed the agreement in Tokyo with Hiroshi Yasuda, JEXIM's governor. According to Ibn Salamah, SABIC vice chairman and managing director, the loan will fund construction of an 850,000-metric tons/yr chemical-grade methanol plant at the AR-RAZI complex Al-Jubail. According to Salamah, AR-RAZI is already the largest single complex chemical-grade methanol producer in the world with two plants producing 1.4 million ...

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