News & Announcements

CHEMANOL

24 June, 2024 15:42

Methanol Chemicals Company (Chemanol) announces the signing of a 20-year Agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP) for Supplying Methanol to Amiral Project

Element List	Explanation
Announcement Detail	Methanol Chemicals Company (Chemanol) announces that it has signed on Monday 24/06/2024 with Saudi Aramco Total Refining and Petrochemical Company (SATORP) an agreement to supply 100 thousand metric tons of methanol annually for a period of 20 years to SATORP. The commercial operation and supply are planned to start by the end of 2027. It is worth mentioning that the financial impact of this agreement is currently indeterminable due to the changes in market conditions and product prices at the time of starting to supply the methanol. Chemanol will announce later any developments or updates in this regard.

Element List

Explanation

Announcement Detail

Methanol Chemicals Company (Chemanol) announces that it has signed on Monday 24/06/2024 with Saudi Aramco Total Refining and Petrochemical Company (SATORP) an agreement to supply 100 thousand metric tons of methanol annually for a period of 20 years to SATORP. The commercial operation and supply are planned to start by the end of 2027. It is worth mentioning that the financial impact of this agreement is currently indeterminable due to the changes in market conditions and product prices at the time of starting to supply the methanol. Chemanol will announce later any developments or updates in this regard.

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