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.
Advanced Petrochemical Co. owns 15 percent stake into the project through its wholly-owned subsidiary, Advanced Global Investment Company (AGIC).