Gulf Oil and Gas accountACCOUNT

Saudi Sipchem Will Shut Methanol Plant for Maintenance

Source: Reuters 11/3/2014, Location: Middle East

Saudi International Petrochemical Co (Sipchem) said one of its affiliates will shut a methanol plant for around three weeks for maintenance and some repairs.

The shutdown, which will start on Wednesday, will boost efficiency and production, Sipchem said in a bourse filing.

As a result of the outage, Sipchem will incur losses of 35 million riyals ($9.3 million) which will be reflected in the fourth-quarter financial results.

The company has taken precautions to alleviate the impact of the shutdown on its customers, it said.

The unit in question, International Methanol Company (IMC), is 65-percent owned by Sipchem while a group of Japanese companies hold the rest.

It has an annual production of 967,000 tonnes of methanol, according to Sipchem's website.

Maintenance and Repair News in Saudi Arabia >>

Peru >>  10/20/2020 - Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a new approximately five-year contract under the con...
Netherlands/Holland >>  10/13/2020 - Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a three-year maintenance contract by NAM (Nederlands...

Canada >>  10/1/2020 - Obsidian Energy is pleased to provide an update on our Alberta Site Rehabilitation Program (“ASRP”) grant applications and to give details on addition...
Turkey >>  10/1/2020 - DEME launched its first ever Service Operation Vessel (SOV) at the CEMRE shipyard in Yalova, Turkey, marking a major milestone in its fleet history. N...

Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.