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Advanced Petrochemical suspends operations at 2 plants

Advanced Petrochemical suspends operations at 2 plants
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Riyadh – Mubasher: Advanced Petrochemical Company’s Propylene and Polypropylene plants will undergo periodic scheduled maintenance starting as of 11 March 2021.

The Polypropylene plant will resume operations on 27 March 2021 while the Propylene plant will restart on 5 April 2021 after replacing the catalyst, according to a stock exchange statement on Sunday.

The expected material impact for this shutdown will reflect on the financial statements for the first and second quarters of 2021 based on the expected prices of feedstock and Polypropylene.