Saudi Arabia

Ibn Sina Considers Plans For New 1mn T/Y Methanol Plant

The National Methanol Company (Ibn Sina) a joint venture owned 50% by theSaudi Basic Industries Corporation (SABIC) and 25% each by the US firmsPanhandle Eastern and Hoechst Celanese is planning to build a new 1mn ton/yearmethanol plant at a cost of $300mn, according to an Ibn Sina official quoted byReuters last week. The new plant will double Ibn Sina's output of methanol to2mn t/y and is...