NATIONAL METHANOL COMPANY IBN SINA

NATIONAL METHANOL COMPANY IBN SINA

Company Type: Factory

Company Introduction:

National Methanol Company, commonly known as Ibn Sina, is a prominent petrochemical manufacturer based in Saudi Arabia. It is a joint venture established in 1979, with production commencing in 1984. The company is a collaboration between Saudi Basic Industries Corporation (SABIC), which holds a 50% stake, and a Japanese consortium comprising Mitsubishi Gas Chemical Company, Inc. (25%) and Arabian Oil Company, Ltd. (25%).

Ibn Sina is primarily engaged in the production of industrial chemicals, specifically methanol and Methyl Tert-Butyl Ether (MTBE). Its state-of-the-art manufacturing facilities are located in Al-Jubail Industrial City, Saudi Arabia, a key hub for the Kingdom's petrochemical industry. The company utilizes natural gas as its main feedstock to produce high-quality methanol, which is a fundamental building block for various chemicals and applications, including formaldehyde, acetic acid, and as a clean fuel additive. MTBE is primarily used as an octane enhancer in gasoline.

As a part of the SABIC group, Ibn Sina benefits from extensive research and development capabilities, robust operational standards, and a strong global marketing and distribution network. The company plays a significant role in meeting both domestic and international demand for its products, contributing substantially to Saudi Arabia's industrial diversification and economic growth. Ibn Sina is recognized for its commitment to operational excellence, safety, and environmental stewardship in the petrochemical sector.

IBN SINA produces and markets the following products:

* Methanol

* Formaldehyde

* Urea Formaldehyde Concentrate (UFC)