24 September 2013 10:47 [Source: ICIS news]
DUBAI (ICIS)--Saudi Polymers Company, a subsidiary of Saudi Arabian National Petrochemical Company (Petrochem), has shut down its polymers plant in Jubail on 22 September for unscheduled maintenance, Petrochem said on Tuesday.
"The maintenance of steam valves at a major unit of the plant is expected to last 10 to 12 days,” Petrochem said in a statement to the Saudi stock exchange.
“Financial impact of around 60 million [Saudi] riyals because of the shutdown will be reflected in the financial statements [of Petrochem] for the third and fourth quarters of this year,” it said.
Saudi Polymers, which is 65%-owned by Petrochem, can produce 1.16m tonnes/year of ethylene; 1.1m tonnes/year of polyethylene (PE), 430,000 tonnes/year of propylene, 400,000 tonnes/year of polypropylene (PP), 200,000 tonnes/year of polystyrene (PS) and 100,000 tonnes/year of hexane 1.
The polymers plant has faced several production interruptions since the start of commercial operations in October 2012, and most recently in July that lasted about three weeks due to a technical fault in one of the refrigeration units.
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