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$1.8 billion!

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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On March 29, Advanced Petrochemical announced that on March 27, 2020, Advanced Global Investment Corporation (AGIC), a subsidiary of Advanced Petrochemical, signed an agreement with South Korea’s SK Gas to establish a joint venture company Advanced Polyolefins Company, will jointly invest US$1.
8 billion to build and operate a combined propane dehydrogenation (PDH) and polypropylene (PP) plant in Jubail, Saudi Arabia, with a design capacity of 843,000 tons/year propylene and 800,000 tons/year year polypropylene

(1) Project construction : Construction is expected to start in 2021, and the main raw material, propane, will be supplied by Saudi Aramco for a long time

Project construction

(2) Technical process : AGIC has signed a license agreement with American Lummus Technology LLC to provide CATOFIN technology for 843,000 tons/year PDH unit, and signed two license agreements with Basell Poliolefine Italia Srl for two sets of 400,000 tons.
/Year PP unit provides SPHERIPOL technology and SPHERIZONE technology

technical process

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The total investment is 1.8 billion!

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$1.8 billion!

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The total investment is 1.8 billion!