Saudi International Petrochemical Company (Sipchem) is a Saudi Company listed in Saudi Stock market. The company was established on 22/12/1999, with a current paid in capital of SR 2.0 billion (US$ 533 million). Sipchem actively develops and invests in petrochemical and chemical industries, both basic and intermediate to produce chemicals used to manufacture a multitude of products that improve the lives of people worldwide. Through its affiliates, International Methanol Company (IMC) and International Diol Company, Sipchem currently produces over one million mtpa of methanol and 75 thousand mtpa of butanediol.