ALKHOBAR: Two affiliates of Saudi Industrial Investment Group (SIIG) will shut down their petrochemical plants in October for scheduled maintenance, SIIG said.
Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP) will start maintenance work that includes replacing a catalyst from Oct. 1, according to SIIG’s statement released via the stock exchange.
SCP’s shutdown will last for 30 days, while JCP will be offline for 37 days, it said.
SIIG said its fourth-quarter results were likely to be affected by the shutdowns.
The ownership of SCP and JCP is split between SIIG and Chevron Phillips Chemical Co, which is 50 percent owned by Chevron Corp.
SIIG affiliates to halt operations for maintenance
