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Saudi Petro Rabigh operates 10 units in Rabigh project phase 2

Saudi Petro Rabigh operates 10 units in Rabigh project phase 2
Output in the Aromatics and EPR units is forecast to begin in Q1-18.
PETRO RABIGH
2380
-0.99% 9.98 -0.10

Riyadh – Mubasher: Rabigh Refining and Petrochemical (Petro Rabigh) on Sunday announced completing on-spec production at ten units of the 12-unit phase two of its projects.

The operation of the other two units will be begun in the first quarter of 2018, according to a statement to the Saudi Stock Exchange (Tadawul).

“Upon completion of all Phase II plants, both phases I and II will be integrated operationally within the Petro Rabigh industrial complex,” the statement added.

By the end of December 2017, the firm completed on-spec production at the units for Nylon 6 (Polyamide 6), Thermo Plastic Olefin (TPO), Low Density Polyethylene, Poly Methyl Methacrylate (PMMA), and Naphtha Reformer.

Output in the Aromatics and EPR (Ethylene Propylene Rubber) units is forecast to begin in Q1-18.

The financial Impact of the project’s second phase is expected to be appeared in the firm’s financial results starting from Q1-18.

By 10:34 am KSA time, the company’s stock rose 3.44% to SAR 17.44.