Established in 1989 as the Saudi Formaldehyde Chemicals Company – the first private sector petrochemicals company in the GCC – the Company changed its name to Methanol Chemicals Company (Chemanol) following a successful IPO in 2008. It is a public Saudi joint-stock company with a paid-up capital of SAR 1.2 billion. Located in Al Jubail Industrial City, the Company has a total annual production capacity approaching one million metric tons, and exports 26 product grades to over 50 countries in more than 21 different industries.
Today, Chemanol is one of the most integrated and reliable global producers of methanol and derivatives. The Company is also one of the world’s largest formaldehyde producers situated in a single location, and the biggest producer in the GCC.