Middle East Economic Survey


No 7


Saudi arabia

Sipchem Plans Second Methanol Plant

Saudi International Petrochemical Company (Sipchem) is at an advanced stage of negotiations with Saudi Aramco for the supply of natural gas for a planned second methanol plant, the companys chairman Abd al-Aziz al-Zamil said in remarks published in the daily al-Riyadh on 7 February. The 1mn tons/year capacity plant is expected to cost around SR900mn ($240mn).In December 2004, Sipchem...