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×Polypropylene Plant - South Korea
Overview
The project includes building a polypropylene (PP) plant in South Korea, with an output capacity of 400,000 tpa, and an estimated total investment of SAR 420 mln.
It is a joint venture between SK Advanced Co Ltd., PolyMirae Co. Ltd., SK Gas Co., Ltd. and Petrochemical Industries Co.
Project Information
Petrochemicals
- Industrial Manufacturing > Chemicals
1575.06 (Million Riyal) * Estimate:
400 tpa
South Korea
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Announced
Q1 2019
2021
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Advanced Petrochemical Co. owns 15 percent stake into the project through its wholly-owned subsidiary, Advanced Global Investment Company (AGIC).
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Owners
Name
Percentage
SK Gas
Petrochemical Industries Co.
49.99%
PolyMirae Company Ltd.
Related Parties
Name
Role
Indirect Owner
Advanced Global Investment Company (AGIC)
Indirect Owner
Contractor
Financing Sources
Source
Percentage
Debt
60.00 %
Equity
40.00 %