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Advanced Petrochemical restarts PP plant and PDH unit in Jubail after maintenance

April 15/2021

MOSCOW (MRC) -- Advanced Petrochemical Co. announced  that it has resumed operations at two plants in Jubail, Saudi Arabia after the completion of a scheduled turnaround, reported Argaam with reference to a bourse filing.

Thus, operations at the company's polypropylene (PP) plant began on 28 March, 2021, whereas operations at its propane degydranation (PDH) unit restarted on 11 April, 202. Both plants were shut for repairs on 11 March, 2021,

As per the filing, the maintenance works were implemented in line with the occupational safety and health standards, despite the COVID-19 outbreak.

There is no significant change in the costs associated with the maintenance activities, the statement added.

The relevant financial impact will likely appear on financial statements of the first two quarters of 2021, based on expected prices of feedstock and polypropylene.

As MRC wrote before, SK Advanced started up a new PP plant in Ulsan, South Korea on 23 March, 2021, and managed to produce on-specification PP at this plant in the week ending 9 April, 2021.The PP unit is a joint venture between PolyMirae and SK Advanced, using the Spheripol process of LyondellBasell, and have an annual output of 400,000 tons/year.

According to MRC's ScanPlast report, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased.
Author:Margaret Volkova
Tags:PP, PP block copolymer, homopolymer PP, propylene, Advanced Petrochemical Company, Russia, Saudi Arabia.
Category:General News
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