Saudi Arabia’s Advanced Petrochemical Co. plans to invest in a project worth around US$1 billion to produce propylene in South Korea, as per Reuters. The propane dehydrogenation (PDH) project, a joint venture with South Korea’s SK Gas, is due to start up in H1-2016, as per a company statement on the Saudi bourse. The project, with annual production capacity of 600,000 tons, will be financed 40% equity and 60% debt. Advanced will hold a 35% stake in the project.
05-Sep-14 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}