Sipchem affiliate completes periodic turnaround maintenance at methanol plant
Saudi International Petrochemical Company (Sipchem) has announced 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 fourth quarter of 2018. The company has announced that it has taken the necessary actions to eliminate any potential negative impact on its customers.
From December 2004, IMC has been producing methanol with a production capacity of 967,000 metric tonnes per annum (mtpa).
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30th November 2018