SABIC, South Louisiana Methanol Company evaluate new methanol complex in USA
SABIC signed an initial agreement with South Louisiana Methanol Company to evaluate building a new 1.8 mtpa methanol complex in Louisiana, USA. The duration of the partnership between the two companies is six months, and the move comes in line with SABIC’s vision to focus on geographic diversification and enhancing the access to competitive feedstock.
SABIC: SAR116.20 as of 1 Jan. 2019, Rating: Neutral, TP: SAR125.00/share, MCap: USD92,960mn, SABIC AB/2010.SE
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