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Advanced Petrochemical Company and SK Gas Co Ltd formed a joint venture, Advanced Polyolefins Company, to build a petrochemical complex in Al Jubail, Saudi Arabia, including a 800,000 tons/year polypropylene plant. The project is expected to break ground in 2021 and reach commercial production by the second half of 2024.
“The new joint venture named Advanced Polyolefins Company (APC JV) will invest $1.8 billion to build a propane dehydrogenation (PDH) unit that yields 843,000 tons/year of propylene and 800,000 tons/year of PP plant.”commoplast.com
Summarized from public sources; check the original articles before acting on it.