Williams inks agreement North American Polypropylene to purchase 450,000 tpa propylene

29-Oct-15

Williams has signed an agreement with privately held North American Polypropylene (NAPP). NAPP is an affiliate of Goradia Capital, a private equity global developer of projects and marketer of petrochemical products. In the agreement, NAPP will purchase 450,000 tpa of propylene on a 25-year term firm fee for service basis for the production of homopolymer polypropylene, a recyclable plastic used widely in many consumer and industrial products. NAPP’s project will be based on UNIPOL™ polypropylene technology and will be co-located on the same site as Williams’ PDH unit.