Ma'​aden to shutdown ​MPC ​ ammonia plant for maintenance

Ma’aden Phosphate​ (MPC)​, a 70 percent-owned subsidiary of Ma’aden, will shut down its Ras Al Khair-based Ammonia plant for maintenance.

The maintenance period will last for 30 days starting Jan. 23, according to the company’s filing on Tadawul, Saudi Arabia’s bourse.

The produced ammonia is being used in manufacturing Diammonium Phosphate (DAP). However, the shutdown will not affect the company’s ability to fulfill its customer liabilities, its financial statements, or plant production, given the existing ammonia inventory.

MPC is a limited liability company 70 percent-owned by Ma’aden and 30 percent-owned by SABIC, according to data available on Argaam.