Saudi Arabia’s Chemanol has awarded the Engineering, Procurement, and Construction (EPC) related services for the expansion of its methanol plant in Jubail Industrial City to the US-based energy engineering and construction firm McDermott.
In a statement, Chemanol emphasized that the project marks a significant step toward enhancing the energy efficiency of the facility while increasing its capacity and delivering greater value to shareholders.
Ali Abdulaziz Alturki, Chairman of the Board of Chemanol, expressed enthusiasm about the collaboration: “We are thrilled to work on this important project with McDermott, which not only aligns with Chemanol’s sustainability and growth plans but also lays the groundwork for more long-term strategic partnerships.”
Rob Shaul, Senior Vice President of Low Carbon Solutions at McDermott, added, “Through early engagement with Chemanol, we leveraged our extensive expertise in petrochemicals to provide early engineering, procurement, and cost estimation services, minimizing risks and positioning the project for future success.”
While the statement did not disclose the value of the EPC-related services , it indicated that the project is expected to be completed in the fourth quarter of 2027.
Chemanol is an integrated producer of methanol and chemical derivatives and is recognized as one of the largest producers of formaldehyde and its derivatives in a single location, with an annual production capacity of one million metric tonnes.