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Yansab to Shut Ethylene Glycol Plant in April

Source: Reuters 12/4/2014, Location: Middle East

Saudi Arabia's Yanbu National Petrochemicals Co (Yansab) announced on Thursday it would be shutting its ethylene glycol plant in April next year for between 35 and 60 days for planned maintenance.

The financial impact on the company from the maintenance work was estimated to be around 450 million riyals ($119.9 million), which would be recorded in its second-quarter financials, it said in a bourse filing. ($1 US dollar = 3.7530 Saudi riyal)

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