Methanol Chemicals seals 20-year supply deal with Satorp

The commercial operation and supply are planned to start by the end of 2027, said Chemanol in its filing to the Saudi bourse Tadawul

Staff Writer, TradeArabia

June 26, 2024

PHOTO

Methanol Chemicals Company (Chemanol) has announced that it has secured a major order from Saudi Aramco Total Refining and Petrochemical Company (Satorp) for supply of 100,000 metric tonnes of methanol per annum for a period of 20 years.

The commercial operation and supply are planned to start by the end of 2027, said Chemanol in its filing to the Saudi bourse Tadawul.

Chemanol said it will announce later any developments or updates in this regard.

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, it added.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.