YanSab Cracker Offline for Technical Reasons

Yanbu National Petrochemical Co. (YanSab), a Sabic affiliate, last week notified Tadawul, the Saudi Stock Exchange that its olefins plant has been shut down temporarily due to technical failure in one of its equipment items. Efforts are being made to restore production within two weeks, the company says. Mutlaq Al-Morished, YanSab's chairman and CFO of Sabic says the temporary downtime will not preclude YanSab's obligation to its customers. YanSab commissioned in the middle of last year its SR20-billion petrochemical complex at Yanbu, Saudi Arabia. The complex is...

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