Entity

Established in 1989 as the Saudi Formaldehyde Chemicals Company – the first private sector petrochemicals company in the GCC – the Company changed its name to Methanol Chemicals Company (Chemanol) following a successful IPO in 2008. It is a public Saudi joint-stock company with a paid-up capital of SAR 1.2 billion. Located in Al Jubail Industrial City, the Company has a total annual production capacity approaching one million metric tons, and exports 26 product grades to over 50 countries in more than 21 different industries.