Saudi Sipchem Says Plant Shutdown Cost $4.8m - Gulf Business
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Saudi Sipchem Says Plant Shutdown Cost $4.8m

Saudi Sipchem Says Plant Shutdown Cost $4.8m

The closures lasted between 20 and 26 days.

Two affiliates of Saudi International Petrochemical Co (Sipchem) restarted operations making carbon monoxide and acetic acid after a suspension for scheduled maintenance, the company said on Sunday.

The closures, which lasted between 20 and 26 days, cost about SAR18 million ($4.8 million), to be reflected in earnings for the second quarter of this year, Sipchem said.

International Gases Co has a production capacity of 345,000 tonnes per year of carbon monoxide. International Acetyl Co can make 400,000 tonnes of acetic acid per year.

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