The joint venture, SK Advanced Co. Ltd., aims at constructing a propylene (PDH) plant at Ulsan, South Korea. The project is designed with a 600k tpa production capacity and with estimated cost of $844 million.
Oil & Gas > Petrochemicals
3165.00 (Million Riyal) * Estimate:
Advanced Petrochemicals owns 28.5% of the project, by virtue of Advanced's 95% equity stake in Advanced Global Investment Company (AGIC).
Commercial Production started on May 14, 2016 and financial impact will be reflected on Q2 earnings.