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Affiliates
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International Methanol Company (IMC)
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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.
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Product
IMC produces 967,000 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 Sipchem Marketing and Services Company (SMSC) 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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