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Methanol Chemicals Company (2001) – Introduction and background |
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Methanol Chemicals Company, known also as Chemanol, is a leading producer of methanol and derivatives in the Middle East.
Established in 1989, Chemanol is headquartered in Jubail Industrial City, Saudi Arabia, and plays a crucial role in the regional petrochemical industry. Chemanol specializes in the production of methanol, formaldehyde, and various derivative products such as formaldehyde resins, hexamine, and pentaerythritol. It is one of the world’s largest producers of formaldehyde and the largest in the GCC.
Chemanol’s products have applications in many manufacturing processes, including in construction, pharmaceuticals, the automotive industry, and agriculture. Chemanol’s client base is highly international with customers in over 50 countries.
Methanol Chemicals Company is publicly traded on Tadawul where it trades under the ticker 2001. Major shareholders include Dimensional Fund Advisors and Mackenzie Investments.
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