Chemanol eyes new projects; plans product expansion: Chairman

Methanol Chemicals Co. (Chemanol) faced a limited feedstock shortage of around 20 percent, but now the feedstock supply is back to normal and there is no negative impact on the company’s operations, company’s Chairman Abdullah Alsanai told Argaam.

He was speaking to Argaam on the sideline of the ceremony to empower the private sector held yesterday in Riyadh.

He also said that fixing energy mix and electricity tariffs for industrial sector is an excellent move, as the company embraces new investment projects and expand its products portfolio.

He noted that fixing feedstock prices will help the firm plan for the future