Saudi petrochem Chemanol, GDI signs methanol deal, to explore future collaboration

RIYADH: Saudi firms Chemanol and Global Co. for Downstream Industries have signed a deal to explore collaboration in petrochemicals. 

Under the non-binding agreement, Chemanol is to supply methanol to Riyadh-based GDI, the Tadawil filing showed. 

Both firms are also set to explore opportunities for future cooperation in the petrochemical sector. 

Methanol Chemicals Co., or Chemanol, has signed a non-binding initial agreement with Global Co. for Downstream Industries, also known as GDI, in order to explore potential collaborations.