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13/07/2014 08:38 AST
Chemanol announces that on Friday 14/09/1435 H. corresponding to 11/07/2014 afternoon a limited fire has broken out at its Paraformaldehyde Unit located in Jubail Industrial City. The fire has been contained successfully by company firefighters with the help of nearby companies and civil defense teams.
The incident resulted in six human injuries which were limited to superficial wounds and suffocation and were transported to hospital for the necessary medical treatment. Work will stop temporarily at the Paraformaldehyde Unit until the investigation into the causes of the incident is complete and the financial impact is assessed under the insurance coverage of the plant. Meanwhile, work will continue normally in the rest of the company plants which were not affected by the fire. Hence, it is expected to complete the investigation and determine the financial impact within one month.
It is worth to mention that the Paraformaldehyde plant started commercial operation in 1989 and its annual production capacity is approximately 8,250 metric tons of the total capacity of all the company plants which is about 912,040 metric tons per annum. The Unit is considered as one of the plants which make up the old complex of the company which has recently undergone an assessment program for safety procedures, and all necessary preventive means and measures had been taken to reduce the recurrence of such incidents.
Further substantial details will be announced later.
Tadawul
30/08/2016
Saudi Arabia's Methanol Chemicals Co. (Chemanol) has refinanced total Shariah-compliant debt worth SR636.7 million ($169.8 million), according to a bourse statement. Refinancing includes SR327.7 mil
Arab News
29/12/2015
With reference to the Ministerial Resolution dated Monday 17 Rabi Al-Awwal 1437 corresponding to December 28, 2015 regarding the increment of the Gas Price that increased from 0.75 $/MMBTU to from 1.
Tadawul
23/04/2014
Further to the announcement published on Tadawul's website on 20-04-2014 related to the beginning of the non-scheduled shutdown of its Methanol plant Methanol Chemicals Company announces addendum to
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
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Th
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Financial Information Co.
Saudi Arabia