Saudi Kayan to halt production for maintenance

Saudi Kayan to halt production for maintenance
Saudi kayan to halt production for maintenance
Saudi Kayan 2350 -0.88% 8.97 -0.08

Riyadh- Mubasher: Saudi Kayan Petrochemical Company on Wednesday announced plans to halt some of its production units starting from 11 November for debottlenecking along with scheduled maintenance. 

The Olefin Plant will stop for the coming 41 days to implement the final debottlenecking requirements in order to increase ethylene production capacity to reach 93,000 tonnes a year at least, according to a statement to the Saudi Stock Exchange (Tadawul).

For the same reason, Kayan’s Ethylene Oxide Plant will also halt production for 46 days in order to increase its capacity to at least 61,000 tonnes a year. 
Halting production in both plants will result in stopping some plants that rely on the feedstock produced from these two plants, the company said. 

The affected plants that will be temporarily stopped are: the Jubail Polycarbonate Plant for 56 days, Phenol Plant for 31 days, Amine Plant for 53 days and Ethoxylates Plant for 49 days. 

The required maintenance works will take place within the stopping period, Kayan said, highlighting that the expected financial impact for this period is SAR 425 million.

The financial impact will show on the Kayan’s results during the fourth quarter of 2017, the petrochemical firm said, noting that it will work on reducing this impact through using its available stockpiles and its network with other petrochemical companies in Jubail. 

 

 

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Source: Mubasher

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