A2010 SABIC0.6 (0.47 %)
1443/04/10 Mon Nov 15, 2021 08:24:45
Saudi Basic Industries Corporation (SABIC) announces the latest developments of establishing third Ethylene Glycols Plant within of its subsidiary (Jubail United Petrochemicals)

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Element List Explanation
Introduction Referring to the announcement made by Saudi Basic Industries Corporation (SABIC) on 27 December 2017, regarding the awarding of the engineering design, procurement and construction contract for the Ethylene Glycol plant (3).

SABIC would like to announce the initial startup activities at United Ethylene Glycol Plant (3). The estimated annual production capacity is 700,000 metric tons of monoethylene glycol (MEG).

The financial impact will be reflected after the initial startup activities and the start of commercial operation.

Previous Announcement (SABIC) announces the awarding of the engineering design, procurement and construction contract for the Ethylene Glycol Plant (3) within the complex of its subsidiary (Jubail United Petrochemicals) with the Korean company Samsung.
Date of Previous Announcement on Tadawul's Website 2017-12-27 Corresponding to 1439-04-09
Percentage of fulfilled achievement %100
Event's Expected Completion Date NA
Reasons for Exceeding the Announced End Date NA
The costs associated with the event, and if they have changed or not with indication of the reasons. There is no change in the scope of the project and therefore the associated costs have not changed.
Impact of the Delay on the Company's Financial Results NA

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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SABIC - Saudi Basic Industries Corporation SJSC published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 05:49:02 UTC.