Saudi’s Yansab plans 10-week maintenance at EG unit from 25 Nov

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.

The company has a 1.3m tonnes/year cracker in Yanbu and also operates other downstream units that produce ethylene oxide, polyethylene, polypropylene and aromatics at the site.

By: Pearl Bantillo
+65 6780 4359

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