Saudi Kayan Petrochemical Co. said on Thursday the regular maintenance of its olefins unit will last ten more days, due to a technical glitch.
 
Financial impact of the fault has been recalculated to SAR 310 million during first quarter results, significantly higher than the SAR 62 million the company had originally predicted last month. 
 
Scheduled maintenance at the unit, which started on Feb. 1, was completed as scheduled. However, the technical fault was discovered upon re-operation. 
 
Saudi Kayan expects activity at its high-and-low-density polyethylene plants to see temporary suspensions. In addition, the glycol ethylene and polypropylene plants might deliver lower output. 
 
The feedstock supplied by the other affiliates of Saudi Basic Industries Corp. (SABIC) was insufficient for the needs of Kayan’s plants during the maintenance period, the company added.
 
According to data available on Argaam, the bourse-listed company said in February that activity at the olefins unit will be temporarily suspended for planned maintenance for over five weeks.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request