MOSCOW (MRC) -- Saudi Kayan Petrochemical Company (Saudi Kayan) announced on Thursday that a limited fire occurred on Wednesday, September 13, 2023, in one of the operating units of the Bisphenol Plant, which is considered a raw material for the Polycarbonate Plant, said Maal.
It was brought under control immediately without any impact on the other operational units of the company, and there were no human injuries.
Saudi Kayan is currently determining the root causes, evaluating the effects resulting from this fire, and determining the financial impact as well, knowing that all of the company’s plants and facilities are subject to comprehensive insurance coverage in accordance with its regulated terms and conditions.
Saudi Kayan confirmed that it is currently working to determine the causes, evaluate the resulting effects, and determine the financial impact.
The statement affirmed that all of the company’s factories and facilities are subject to comprehensive insurance coverage, in accordance with the regulatory terms and conditions.
Any fundamental developments in this regard will be announced later, it noted.
We remind, Sabic and Sinopec announced the commercial operation of a new polycarbonate (PC) plant at their 50-50 joint venture (JV) - Sinopec Sabic Tianjin Petrochemical Co Ltd (SSTPC). Established in 2009, SSTPC is a mega-size petrochemical complex that already consists of nine world-scale production plants producing chemicals, polyethylene, and polypropylene. With an annual designed capacity of 260 KT, the new PC plant is a vital component of Sabic's PC growth strategy in China, allowing for further collaborations with global and local customers.