Category

Countries


Sabic signed an MOU with Russian Direct Investment Fund and ESN group to establish a Methanol Plant in Amur, Russia

Sabic signed an MOU with Russian Direct Investment Fund and ESN group to establish a Methanol Plant in Amur, Russia

  • 17-Oct-2019 6:00 PM
  • Journalist: Patrick Knight

Methanol plant to be established by SABIC capacity is expected to be around 1.8 MMTPA. MOU has been signed on the sidelines visit of Russian President Vladmir Putins visit to Saudi Arabia. The MOU signed is set last for 12 months from the date of signing. The main strategy behind the MOU is to diversify the operations of SABIC and to seek investment opportunities. Being a major player of methanol in the world SABIC is yet to set its ground in Russia. Due to the Gazprom investments in development of oil and gas infrastructure in Russia attrats the attention of the global investments.

24X7

Track Real Time Prices

Related News

Uzbekistan's Methanol-To-Olefins Gas Complex Set to Skyrocket with New Production Facility
  • 26-May-2023 6:12 PM
  • Journalist: Motoki Sasaki
Egypt and Norway Collaborate on a Methanol Project with a Focus on Sustainability
  • 15-May-2023 3:31 PM
  • Journalist: Robert Hume
Proman Sets Sail in a New Direction with Methanol-Powered Fleet
  • 11-May-2023 7:19 PM
  • Journalist: Bob Duffler
Methanol Reigns Supreme as Clean Energy Champion, Amidst Safety Concerns over Ammonia
  • 10-May-2023 3:31 PM
  • Journalist: Gabreilla Figueroa