Sipchem shut methanol plant 6 weeks maintenance

Sipchem to shut methanol plant for 6 weeks maintenance

10:24 AM, 30th October 2015
Sipchem to shut methanol plant for 6 weeks maintenance

JUBAIL, SAUDI ARABIA: Saudi International Petrochemicals Company (Sipchem) said it intends to shutdown the International Methanol Company (IMC) plant for scheduled preventive maintenance in accordance with necessary standards in addition to performing significant turnaround and development in some essential parts of the plant.

These scheduled maintenance and turnaround activities shall raise the level of the plant's efficiency and reliability, it said.

The shutdown is expected to last for six weeks starting on 1 November. The financial impact of the shutdown will be announced along with the conclusion of the activity when it is completed, which will also be reflected in the fourth quarter financial results.

Sipchem owns 65 percent of IMC’s capital, whereas a group of Japanese companies owns the remaining 35 percent.

© Worldofchemicals News

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