Sabic invest in Trinidad methanol venture

Sabic to invest in Trinidad methanol venture

8:34 PM, 9th February 2012
Sabic to invest in Trinidad methanol venture
Mutlaq al-Morished, Chief Financial Officer, Sabic.

RIYADH, SAUDI ARABIA: According to Mutlaq al-Morished, Chief Financial Officer, Sabic, Sabic is in talks over a potential methanol plant venture in Trinidad and Tobago. The company which produces methanol in Saudi Arabia, is expanding to meet rising demand for petrochemical products in growing economies including China and India. Trinidad and Tobago produces liquefied natural gas for sale to the US and uses gas for the production of methanol, ammonia and steel.

© Bloomberg News

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