Methanol Chemicals Co. (Chemanol) signed today a memorandum of understanding (MoU) with US-based chemical manufacturer Varsal Inc. onduct a feasibility study on setting up a dimethyl disulfide (DMDS) plant in Jubail Industrial City.
Based on the study, both parties will decide whether they will go ahead with the project after obtaining regulatory approvals or not, Chemanol said in a statement to Tadawul.
DMDS is used in oil refineries and other industries.
The project comes as part of Chemanol’s strategy to explore sustainable investment opportunities and promote manufacturing industries in-line with Vision 2030, it said.
Further details will be revealed as significant developments occur, the statement added.