(Arabian oil and gas) -- Methanol Chemicals Company (Chemanol) has started technical enhancement at its methanol and di methyl formamide plants in Jubail industrial city, to increase the productivity.
The company said in a statement that it expects the temporary closure of these plants for 12 days. ⌠The other plants will be operating normally, without interruption, and the financial impact will be very limited as we do have inventories that allow us to meet our engagements, the company said in the statement.
Chemanol started up its methanol plant, which provides the main feedstock for the firm's entire product range, in early October 2009. ⌠We have successfully completed several expansion projects, raising production capacity from an initial 420,000 t/y to nearly 1 million t/y, which enjoys a competitive price on a global level compared to other producers, Khalid Ibrahim Al- Rabiah, chief executive officer of Chemanol told Refining & Petrochemicals Middle East.
The company currently produces formaldehyde, para formaldehyde, formaldehyde resins (liquid and powder), hexamine and super plasticisers. Around 70% of its current production is exported to around 50 countries around the world.