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Affiliates
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International Methanol Company (IMC)
Management Team |
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IMC is a limited liability company established in 2003 in Saudi Arabia, owned 65% by Saudi International Petrochemical Company (Sipchem) and 35% by Japan-Arabia Methanol Company Limited (JAMC) a special purpose subsidiary owned by a consortium of Japanese companies including Mitsui & Co. Limited (Mitsui) (55%), Mitsubishi Corporation (Mitsubishi) (15%), Daicel Chemical Industries Limited (Daicel) (15%) and Iino Kaiun Kaisha Limited (Iino) (15%).
IMC owns and operates a Methanol Plant in Jubail, Saudi Arabia. Production of the first drop of Methanol was celebrated in November 2004 and commercial operation was accomplished in early December 2004 .
IMC gives high priority to training and development of its employees. State-of-the-art training technologies are used including a dynamic simulator & computer based training programs in addition to on-the-job training and class-room training to prepare and develop the IMC operation team.
Since start-up, IMC plant has operated safely and reliably exceeding its design capacity producing high quality methanol that is shipped globally to IMC customers. |
Product
IMC produces 1,000,000 mtpa of methanol. The primary raw material for the plant is natural gas, for which Sipchem signed a supply Agreement with Saudi Arabian Oil Company (ARAMCO).
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Applications
Methanol is used in manufacturing a wide variety of chemical products, such as formaldehyde and Acetic Acid. Methanol as a hydrogen carrier is being considered for fuel cell application, and as an alternate fuel. Methanol was known as wood alcohol, because it was originally produced as a byproduct of the distillation of wood.
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Technology
IMC operates proven steam methane reforming and methanol synthesis technology licensed by Jacobs Engineering UK Limited (Jacobs). The Plant also incorporates a range of process proven proprietary technologies including Johnson Matthey catalyst systems (included in approximately 60% of worldwide methanol production capacity) and a Methanol Casale S.A. Axial Radial Converter (ARC).
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Marketing
JAMC, which is a shareholder of IMC, markets about 80% of the Company Methanol output outside the Middle East, whereas the Company is marketing the remaining balance in the Middle East. IMC methanol plant is located in Al-Jubail, Saudi Arabia. This central location enables IMC product to be shipped economically to Europe, the Middle East, Africa and the Far East.
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