ADVANCED PETROCHEMICAL COMPANY ANNOUNCES SHUTDOWN OF ITS PROPYLENE PLANT FOR ESSENTIAL ASSESSMENT FOR CRITICAL RELIABILITY IMPROVEMENTS
| Element List | Explanation |
|---|---|
| Announcement Detail | Advanced Petrochemical Company announces that its Propylene plant will be shut down for essential assessment for critical reliability improvements for a maximum period of 10 days starting from February 22, 2019 while Polypropylene plant will continue operating at lower throughput utilizing inventories available in the tank, as well as outsourced Propylene. The financial impact depending on the expected prices of Polypropylene and feedstock will be reflected in the financial results of the first quarter of 2019. |
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