Yanbu National Petrochemical Co. manufacturing facility
Yanbu National Petrochemical Co. (Yansab) announced today, Feb. 25, that its ethylene glycol plant began operations after completing the scheduled maintenance work.
The company said in a bourse filing that there is no change in financial impact, adding the maintenance will positively impact the plant's reliability and operating efficiency.
In January, Yansab announced that the ethylene glycol plant will be halted for 21 days starting Feb. 1, 2021, but extended the work for three additional days.
The olefins plant resumed operations after being shut for 10 days beginning Feb. 5.
The preventive maintenance work is expected to have a financial impact on Q1 and Q2 2021 financials, valued at nearly SAR 90 million as per average prices.
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