CHEMANOL (Arabic: كيمانول), known as Methanol Chemicals Company (Arabic: شركة كيمائيات الميثانول)[1]. Established in 1989 as the Saudi Formaldehyde Chemicals Company – the first private sector petrochemicals company in the GCC – the Company changed its name to Methanol Chemicals Company (Chemanol) following a successful IPO in 2008. It is a public Saudi joint-stock company with a paid-up capital of SAR 1.2 billion.