Saudi's Advanced Petrochemical restarts two plants

Facilities shut down earlier for maintenance 

  
Image used for illustrative purpose. Petrochemical plant at dusk.

Image used for illustrative purpose. Petrochemical plant at dusk.

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Saudi Arabia’s Advanced Petrochemical Company is resuming operations of its propylene and polypropylene plants following an approximately one-month closure. The facilities were shut down last month to undergo a periodic scheduled maintenance. 

In a bourse filing on Sunday, the petrochemicals firm said the propylene plant reopened on March 28, while the other facility is expected to restart operations today, April 11. 

Despite the “exceptional circumstances” of the coronavirus pandemic, the company said it was able to complete the required maintenance. 

The publicly listed firm that manufacturers petrochemicals reported a profit of more than 595 million riyals ($158 million) for 2020, down from 161 million riyals in previous year. 

Its sales dipped from 647 million riyals to 534 million riyals during the same period. 

(Writing by Cleofe Maceda; editing by Seban Scaria) 

Cleofe.maceda@refinitiv.com

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