SIPCHEM ANNOUNCES THAT ITS CARBON MONOXIDE PLANT IS BACK TO NORMAL OPERATING CAPACITY
Monday, August 22, 2016
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With reference to Saudi International Petrochemical Company announcement on 14/08/2016, Sipchem now announces that the technical issue at Carbon Monoxide Plant of International Gasses Company has been resolved and production is back to normal levels today Monday 22/08/2016.
The following plants are now operating with full production capacity; Acetic Acid of the International Acetate Company (IAC), and Ethyl Acetate of Sipchem Chemicals Company (SCC).
Based on the actual reduced production period of the above mentioned plants, the financial impact is estimated to be SR. 17 Million which will be reflected in the results of the 3rd Quarter, 2016.