Finland's Outotec begins repairs on Saudi's TASNEE smelter project
Outotec will bear the costs of the design modifications, and the plant is expected to restart in H2 2020
Saudi Arabia’s first joint-stock industrial company fully owned by the private sector, The National Industrialization Company (TASNEE), has announced that a repair plan is being implemented by Finnish EPC contractor Outotec to fix a furnace that has been shut off at its ilmenite smelter project, which produces high-grade titanium feedstock.
In a stock market filing on Saudi Arabia’s Tadawul, the firm stated that after turning off the furnace, and at the end of its month-long cooling period, a root cause analysis was carried out with global experts, who identified the reason for the furnace shut-off.
In line with the findings, a repair plan was devised, which is now being implemented by Outotec, with the support of Tronox under a technical services agreement.
Outotec will bear the costs of the design modifications, the firm stated, and the plant is expected to restart in H2 2020.
Following the completion of repairs on Furnace 1 and after commercial production of the furnace is complete, the Advanced Metal Industries Cluster Company Ltd. – which is a TASNEE subsidiary – will commission Furnace 2.
According to the stock market filing, TASNEE owns 50% of the project, while the rest is owned by Cristal, which itself is 79% owned by TASNEE.