Methanol Chemicals Company announces that is will start the non-scheduled shutdown of its Methanol plant for a period of around 15 days, from Monday 14th Jumada II, 1435 A. H. corresponding to April 14th, 2014. The non-scheduled maintenance activity will be carried out for the purpose of the inspection of the Valve Trays of Distillation Column to improve the production efficiency of the plant. Such activity will result in the shutdown of the Dimethylformamide which mainly uses the Carbon Monoxide (CO) produced by the Methanol plant.
The Company shall later announce the resumption of the commercial operation of its two plants upon completion of the said maintenance works. Hence, the shutdown will not affect the operation of other Company plants.
The Company points out that the financial impact of the shutdown is hard to be accurately calculated currently due to the fluctuation of the products prices and the inability of the Company to determine the actual costs of the maintenance works unless the process is entirely completed.
Any critical updates concerning this issue shall be announced later.
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