Aramco JV to shut ethane cracker for 21 days
11/14/2016 8:02:18 AM
Photo courtesy of Rabigh Refining and Petrochemical Co.
(Reuters) Saudi Arabia's Rabigh Refining and Petrochemical Co. (PetroRabigh) will shut its ethane cracker for 21 days effective from November 14 for maintenance, the company said in a bourse filing on Sunday.
The suspension, which aims to improve the plant's safety and efficiency, will impact the firm's 4Q earnings by approximately $100 MM, the statement added.
It is the second time in recent months that the firm, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, has shut the unit.
PetroRabigh shut the cracker down as a precaution on June 23 to work on damage to one of the unit's turbines, restarting it on July 14.
Reporting by Celine Aswad; Writing by David French; Editing by Andrew Torchia
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