A Bahrain-based Gulf Petrochemical Industries Company (GPIC) has welcomed a European Union (EU) decision to suspend the customs duty levied on the import of methanol from Arabian Gulf states.
The 5.5 per cent levy on such imp
Saudi Basic Industries Corporation (Sabic) and China Petroleum & Chemical Corp (Sinopec) have started negotiations with Trinidad and Tobago to build a $5.3 billion methanol complex there, Sabic said on Saturday.
Sabic and its Chinese
Kuwait's Qurain Petrochemicals Co. expects costs for an Algerian methanol plant contract it has won as part of a consortium to amount to $700 million.
Algeria officials had put the costs of the plant, which Qurain will build with a consort