Initial startup activities begin at Jubail ethylene glycol plant - SABIC

Financial impact will be seen at start of commercial ops

  
The headquarters of Saudi Basic Industries Corp (SABIC) is seen in Riyadh, Saudi Arabia April 19, 2016.

The headquarters of Saudi Basic Industries Corp (SABIC) is seen in Riyadh, Saudi Arabia April 19, 2016.

REUTERS/Faisal Al Nasser

Saudi Basic Industries Corp’s (SABIC) announced on Monday that its 75 percent-owned subsidiary Jubail United Petrochemical Co. has begun initial startup activities at its ethylene glycol plant. 

The estimated annual production capacity at its plant is 700,000 metric tonnes of monoethylene glycol (MEG), the petrochemicals giant said in a statement on the Saudi stock exchange, Tadawul.

The financial impact will be reflected after the initial startup activities and the start of commercial operation, it added.

(Writing by Brinda Darasha; editing by Seban Scaria) 

brinda.darasha@refinitiv.com 

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