Saudi Sipchem Says Affiliate Restarts Butanediol Plant

An affiliate of Saudi International Petrochemical Co (Sipchem) restarted butanediol production on Monday after scheduled maintenance, Sipchem said.

The International Diol Co plant, which has an annual capacity of 75,000 tonnes, was shut from Aug. 29 to improve the efficiency of operations.

Sipchem had projected losses due to the shutdown at SAR8 million ($2.1 million).

It did not give an updated figure in a Saudi bourse filing on Monday.Sipchem made a profit of SAR244.6 million in the three months to June 30, up from SAR174 million in the prior-year period.