MOSCOW (MRC) -- Saudi Kayan Petrochemical Co has pushed back maintenance work at some of its plants by six months to March next year, as per Tradearabia.
The company, an affiliate of Saudi Basic Industries Corp (SABIC) was due to shut an ethylene gylcol and ethylene oxide plant from Oct. 1 for 60 days for maintenance and repairs, as well as other plants for periods between 61 and 75 days.
The work was due to result in a loss of 340 million riyals (USD90.7 million), which would have been booked in its fourth quarter earnings.
The company has not specified the length of time the plants were now due to close, but said the work will now start on March 30, 2016.
As MRC informed earlier, Saudi Arabia’s Oil Ministry allocated an additional 10m cbf/d (2.8m cbm) of ethane to Saudi Kayan Petrochemical Co (Al Jubail / Saudi Arabia) to enable an expansion of capacity at its Al Jubail complex. The company plans to widen its ethylene production by at least 93,000 t/y and its ethylene oxide capacity by 61,000 t/y from the second quarter of 2017.
Manufacturing a wide range of petrochemicals, the Riyadh-based company’s products include ethylene, propylene and derivatives. Saudi Basic Industries Corporation (SABIC) formed Saudi Kayan Petrochemicals Company in 2007 to produce chemicals for export at the Jubail Industrial City on the Kingdom’s east coast. SABIC owns 35% of the company. A private shareholder, Al Kayan Petrochemical Company, holds a further 20%. The remaining 45% is held by Saudi shareholders following an initial public offering last year.
MRC