Methanol Chemicals Company (Chemanol)

Methanol Chemicals Company, abbreviated as 'Chemanol,' is a Saudi public joint-stock company listed on the Saudi Stock Exchange 'Saudi Tadawul.' The company was established in 1989 under the name 'Saudi Formaldehyde Chemicals Company,' and later changed its name to 'Methanol Chemicals Company' (Chemanol) after going public in 2008. Its headquarters is located in al-Jubayl Industrial City in the Eastern Province.

It was listed on the 'Saudi Tadawul' on September 16, 2008, and its shares are traded on the main market under the basic materials sector, with the name (Chemanol), the symbol (2001), and International Securities Identification Number (ISIN) (SA124060V8H1) The company's capital amounts to SAR674.5 million.

Methanol Chemicals Company produces methanol derivatives, such as formaldehyde solution and concentrate, aqueous urea, chemical plasticizers, amino resins, hexamethylenetetramine, paraformaldehyde, dimethylformamide, methylamines, pentaerythritol, and sodium formate. These products are used in various fields, such as agriculture, automotive industry, pharmaceuticals, and construction.

The company's annual production volume is approximately one million t. It exports twenty-six products to more than fifty countries, serving over twenty-one different industries.

Methanol Chemicals Company has received several awards and certifications, including the Best Safety and Maintenance Plant Award from the Environmental Management of the Royal Commission for Jubail and Yanbu in 2007, the Best Exporting Company Award from the Chamber of Commerce and Industry, and the Environmental Performance Award from the Royal Commission for Jubail and Yanbu.

In terms of human resources, Methanol Chemicals Company has received several awards, including the Best Change in Human Resources Award in 2013. In 2014, the company received numerous awards, including the Talent Management Best Practices Award, the Effective Leadership Award, the Technical Efficiency Award, the Employee Engagement Award, and the Innovative Recruitment Methods Award.