Saudi Aramco, Chemanol ink 20-year methanol supply deal

In the UK, Energy Digital reported that Saudi Aramco Total Refining and Petrochemical Company (SATORP), a collaboration between Saudi Aramco and TotalEnergies, has secured a 20-year agreement with Chemanol, a Saudi methanol chemicals company. 

Under the terms of the deal, Chemanol will supply 100,000 metric tons of methanol annually for SATORP’s Amiral project, a petrochemical complex situated in Jubail on Saudi Arabia’s east coast.

Aramco President and CEO, Amin H. Nasser, said: “Our long-standing relationship with TotalEnergies has been further strengthened by this important project, which represents an opportunity for us to showcase the potential for cutting-edge liquids to chemicals technologies that support the circular economy.”

“With this collaboration, we aim to expand the value chain by producing advanced chemicals more efficiently than ever before, accelerating industrial progress in the Kingdom. This agreement with Chemanol enhances the ongoing partnership between the companies, setting the stage for supply to commence in 2027,” he added.

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