Addendum announcement from Sipchem regarding the start up of the Methanol Plant
Sunday, November 25, 2018
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Saudi International Petrochemical Company (Sipchem) is pleased to announce the safe completion of the scheduled periodic turnaround maintenance activities for the Methanol Plant of the International Methanol Company, an affiliate of Sipchem. Start up activities for the Methanol plant commenced on Saturday, November 24, 2018.
During the scheduled turnaround, the required work was completed safely, which will enhance the plant’s efficiency, increase its reliability, reduce production cost and allow it to achieve its future operational plans.
The financial impact of this scheduled turnaround and Project execution will be reflected in the company’s financial results of the 4th quarter of 2018. The company has announced that it has taken the necessary actions to eliminate any potential negative impact on its customers.
This announcement is a reference to the company’s earlier announcement published on the Tadawul website on 13 September 2018, regarding IMC’s intention to carry out scheduled turnaround activities at the Methanol plant.