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Saudi Industrial Investment Group (SIIG) announced the shutdown of Jubail Chevron Phillips facility for a 41-day scheduled maintenance and catalyst replacement, as of today, Feb. 1, 2021, the company said in a bourse statement.
The relevant financial impact will likely reflect on Q1 2021 results, but it is difficult to estimate the financial impact of this shutdown at present, due to the continuous change in the end products prices.
Additionally, SIIG said the regular maintenance works of the company’s Saudi Chevron Phillips (SCP) facility will take place in Q4 2021 for 26 days, which will be announced in due course.
SIIG owns 50% of Jubail Chevron Phillips Co. and 50% of Saudi Chevron Phillips (SCP).
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