Sahara International Petrochemical Co. Announces an update on scheduled periodic maintenance turnaround for the Ethyl acetate Plant of the Sipchem Chemical Company (SCC)

15 February 2021 08:07 AM

SIPCHEM 2310 -0.77% 32.30 -0.25

Element List	Explanation
Introduction	Sahara International Petrochemical Company (Sipchem) is pleased to announce the safe completion of the scheduled periodic turnaround maintenance activities for the Ethyl acetate Plant of the Sipchem Chemical Company – SCC (a Sipchem affiliate). Startup activities for the Ethyl acetate Plant commenced on Monday February 15, 2021. During the scheduled turnaround for the Ethyl acetate Plant, the required maintenance works were completed safely, which will enhance the Ethyl acetate Plant’s efficiency, increase its reliability, reduce production cost, and allow it to achieve its future operational plans.
Previous Announcement	Sipchem announces scheduled periodic maintenance turnaround for some of its Production Plant Units
Date of Previous Announcement on Tadawul's Website	2021-02-01 Corresponding to 1442-06-19
Percentage of fulfilled achievement	100 %
Event's Expected Completion Date	February 15, 2021
Reasons for Exceeding the Announced End Date	N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.	This scheduled maintenance turnaround is in accordance with the SCC 2021 business plans. The financial impact of this scheduled maintenance turnaround will be reflected in the in the company’s 1st Quarter of 2021 financial results. The company has announced that it has taken the necessary actions to eliminate any potential negative impact on its customers.
Impact of the Delay on the Company's Financial Results	N/A
Additional Information	The scheduled maintenance turnaround for the Ethyl acetate Plant of the Sipchem Chemical Company was announced on February 01, 2021 and was intended to enhance the reliability of the Ethyl acetate Plant and to allow for its future operational plans to be achieved.

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