Yansab completes scheduled turnaround; expects SAR 385 mln financial impact

One of Yanbu National Petrochemical Co.’s factories

Yanbu National Petrochemical Co. (Yansab) completed the turnaround activities at its complex and started gradual operations ahead of schedule, according to a statement on Tadawul.

The expected financial impact of the preventive maintenance is estimated at SAR 385 million, and will appear during the first and second quarters of 2023, the statement added.

The company did not announce the expected financial impact in its previous disclosure on Nov. 20, 2022, as estimates depend on actual duration of the turnaround, average sales prices of finished products and average feedstock prices, Yansab noted.

The turnaround will enhance the reliability of the petrochemical producer’s plants and improve its operational and production efficiency.

In November 2022, Yansab announced that the 53-day scheduled turnaround of its complex for preventive maintenance, under the stipulated industrial and technical standards, will start as of Jan. 10, 2023, Argaam reported.