Yansab to shut down complex for 53-day scheduled preventive maintenance

One of Yanbu National Petrochemical Co.’s factories

Yanbu National Petrochemical Co. (Yansab) announced that the 53-day scheduled turnaround of its complex for preventive maintenance, under the stipulated industrial and technical standards, will start as of Jan. 10, 2023.

This turnaround will contribute to enhancing the reliability of the petrochemical producer’s plants and improving its operational and production efficiency. It also comes at a time that the global growth is forecasted to slow. This preventive maintenance was referred to in the board's 2021 report, Yansab said in a statement to Tadawul today, Nov. 20.

The move’s expected financial impact depends on the actual duration of the maintenance period, in addition to the average sale prices of products as well as feedstock prices, which are difficult to predict.

The related financial impact will reflect on the first and second quarters of 2023. Yansab indicated that it will work to reduce this influence by optimizing the available inventory.

The necessary actions have been taken to limit the potential impact on customers, it added, noting that any significant future developments will be duly announced.