Advanced Polyolefins Co.

Advanced Polyolefins Company signed long-term offtake contracts with Vinmar International, Mitsubishi Corporation, and Tricon Dry Chemical for the output from the new PP units. Vinmar and Tricon will each absorb 250,000 tons/year, while Mitsubishi will carry 120,000 tons/year.

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.

Advanced Global Investment Co., a wholly owned subsidiary of Advanced Petrochemical Co., signed long-term off-take agreements with Vinmar International LLC, Tricon Dry Chemicals LLC and Mitsubishi Corporation for the sale of nearly 620,000 metric tons per annum of polypropylene to be manufactured by Advanced Polyolefins Co.