Chemanol signs 20-year supply deal with Air Products

29/10/2024 Argaam
Logo ofMethanol Chemicals Co. (Chemanol)

Logo of Methanol Chemicals Co. (Chemanol)

Methanol Chemicals Co. (Chemanol) signed today, Oct. 29, a 20-year supply agreement with Air Products Qudra (APQ) to supply industrial gases needed for the ongoing methanol revamp project.

 

In a statement to Tadawul, the company said that the project’s expected implementation timeframe is approximately 18 months.

 

For more news and details on the projects

 

The related financial impact will be determined upon the project completion and based on the prevailing market conditions at its commencement, the statement added.

 

Any developments will be announced later in due course, Chemanol further stated.

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