20 November 2012 03:14 [Source: ICIS news]
SINGAPORE (ICIS)--Yanbu National Petrochemical Company (YANSAB) will shut its ethylene glycol unit for periodic maintenance and some technical repairs for about 10 weeks from 25 November, the Saudi Arabian producer said late on Monday.
“This shutdown will not cause material impact in the financial result for the fourth quarter 2012 due to availability of inventory of this product,” Yansab said in a filing to the Saudi Stock Exchange.
The ethylene glycol plant in Yanbu, Saudi Arabia, has a 770,000 tonne/year capacity, according to ICIS data.
The company expects the financial impact of the shutdown to be felt in the first quarter of next year.
Yansab hopes to offset the negative impact of the EG unit shutdown by “increasing the production in other units and selling of surplus ethylene”, it said.
Yansab is a joint-stock company that is 51%-owned by petrochemical giant SABIC.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections