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Saudi’s Methanol Chemicals Co. (Chemanol) announced that the engineering designs for its methanol plant expansion project are in the final stage and likely to be completed by the end of the first quarter of 2023.
Currently, the designs are 95 percent complete, the company said in a statement to the Saudi stock exchange.
The statement said that the project had been delayed due to some manufacturers' late submission of the necessary information for the completion of the engineering designs.
In January 2022, the company had signed an agreement for preliminary engineering design for the expansion project with expected completion date of fourth quarter 2022.
(Writing by D Madhura; Editing by Anoop Menon)
