National Industrialization Co. (“Tasnee”) Announces an update the commencement of scheduled maintenance activities at one of its joint venture plants.
National Industrialization Company (“Tasnee”) announces the completion of scheduled periodic maintenance for its ethylene and polyethylene plant, a joint venture in which a Tasnee subsidiary holds a 60% stake, and confirms the startup of commercial production.
Overview
As previously communicated, Tasnee commenced planned maintenance activities at one of its joint venture facilities. This turnaround has now been completed safely and successfully, and the plant has begun ramping up operations toward normal commercial production levels.
Previous Announcement
- Subject: Commencement of scheduled maintenance at a joint venture plant.
- Date: 2026-04-15 (1447-10-27).
Latest Developments
- Maintenance completion: The scheduled periodic maintenance for SEPC (the ethylene and polyethylene complex) has been finalized.
- Operational status: Commercial production has commenced following the turnaround and restart procedures.
Costs and Financial Impact
- Costs: Details regarding any change in the costs associated with this maintenance were not disclosed.
- Financial impact: The impact on Tasnee’s consolidated results cannot be determined at this stage and will be reflected in the financial results for the first half of 2026.
Notes
Tasnee will continue to monitor post-maintenance performance and provide updates if there are any material developments.
