|SIIG announces the planned periodic maintenance shutdowns, including catalyst replacement at its joint venture project (Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP)) The shutdown schedule is as follows:
– JCP shutdown for 50 days starting January 7th 2024.
– SCP shutdown for 36 days starting on January 13th 2024.
Whereas SIIG other projects will continue to operate as normal. This turnaround was referred to in SIIG’s 2022 Board report.
The financial impact of this turnaround will appear on the financial results for the first quarter of 2024, and it is difficult to estimate the financial impact of this shutdown at this time, due to the changing prices of the sold products.