08 July 2011 07:22 [Source: ICIS news]
SINGAPORE (ICIS)--International Methanol Co (IMC) is running its 1m tonne/year methanol plant at Al-Jubail in Saudi Arabia at full capacity following a brief shut down in June, a company source said on Friday.
The plant was shut for maintenance on 11 June and was restarted after less than 10 days.
Since then, the company has been ramping up its production, the source said.
The shutdown did not have much impact on the market, according to the company source.
IMC is a 65:35 joint venture between Saudi International Petrochemical (Sipchem) and Japan-Arabia Methanol Co (JAMC).
Sipchem sells about 20% of IMC’s methanol output within the Middle East, while JAMC sells the remaining amount to markets outside the region, mainly in Europe and Asia.
JAMC is a subsidiary owned by a consortium of Japanese companies including Mitsui & Co (55%), Mitsubishi Corp (15%), Daicel Chemical Industries (15%) and Iino Kaiun Kaisha (15%).
Other major methanol producers in the region include SABIC, Oman Methanol and Iran’s National Petrochemical Co (NPC).
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