Advanced Petrochemical Co. has announced that Advanced Polyolefins Industry Co., a subsidiary company, has signed a loan agreement with the Saudi Industrial Development Fund (SIDF). The loan agreement is valued at 3 billion Saudi Riyals ($800 million), and comes as a completion of the procedures and requirements stipulated by SIDF in the conditional loan approval. … Read more
Saudi-based Advanced Petrochemical Company, a key manufacturer of polypropylene products, said its subsidiary, Advanced Global Investment Company (AGIC), has signed off-take agreements for the sale of polypropylene with US-based Vinmar International and Tricon Dry Chemicals – and Mitsubishi Corporation of Japan. As per the long-term deal, AGIC will supply 250,000 metric tonnes per annum of … Read more
Saudi Arabia’s Advanced Petrochemical Company is planning to add a 70,000 tonnes per annum capacity Isopropanol (IPA) plant as part of its joint venture project in Jubail Industrial City, according to an Arab media report. In March, Advanced Petrochemical’s subsidiary, Advanced Global Investment Company (AGIC) has signed a shareholders’ agreement with SK Gas Petrochemical (SKGP), … Read more
Advanced Global Investment Company (AGIC), a subsidiary of PP producer Advanced Petrochemical, has agreed to form a joint venture with South Korea’s SK Gas and build a propane dehydrogenation (PDH)/PP complex at Jubail, Saudi Arabia. The JV agreement follows a Memorandum of Understanding (MoU) signed in June, 2019. The new entity, called Advanced Polyolefins, will … Read more
Advanced Petrochemical Company announced the signing of a Memorandum of Understanding (MOU) between Advanced Global Investment Company (AGIC), a subsidiary of Advanced, and SK Gas Co. Ltd, an affiliate of SK Group, South Korea, for the development of a Propane Dehydrogenation (to produce Propylene) and Polypropylene (to produce PP) Project in Jubail Industrial City in … Read more