The National Methanol Company (Ibn Sina), a manufacturing affiliate of the Saudi Basic Industries Corporation (SABIC), has become the first company in the Middle East to secure the certification for circular methanol production from the International Sustainability and Carbon Certification (ISCC), a globally leading certification body.
Ibn Sina is a joint venture between SABIC, Celanese, US-based technology and specialty materials firm, and Duke Energy, American electric power and natural gas holding company.
With this accreditation, Ibn Sina’s plant located in Jubail Industrial City on the eastern coast of Saudi Arabia can now produce commercial quantities of certified circular methanol made from captured CO2 from its UNITED plant, one of SABIC’s affiliates. This will offer customers a new sustainable solution to serve their markets.
Abdulrahman Al-Fageeh EVP – Petrochemicals SABIC
“We are proud to have received this certificate that supports SABIC’s circular carbon economy strategies and helps our customers meet their sustainability targets. This achievement is a step forward where SABIC will continue seeking other opportunities to utilize CO2 to meet our goals of carbon neutrality.”
The certification of methanol as a circular product can contribute to SABIC’s carbon neutrality. During the Saudi Green Initiative Forum last year, SABIC revealed its global strategy toward carbon neutrality. The company is committed to pursuing efforts and exploring solutions to meet carbon neutrality by 2050.
The production of circular methanol reflects SABIC’s efforts toward carbon emission reduction through low carbon technology, operational efficiency, CO2 utilization, and innovative circular solutions.
The circular methanol, which is environmentally friendly, can be used for producing various sustainable and circular products related to chemicals, medical applications and automotive sectors.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
