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Saudi Arabia Petrochemical and Turkey's Bayegan to launch new project   1  

May 11/2012

(chemmonitor) -- The Jubail-based Saudi Arabia polymers producer Advanced Petrochemicals Co and the Turkish, based in Istanbul, trading company Bayegan Group, inked a MoU. According to the agreement, the two companies will develop a new unit, which is assessed at about USD 1 billion.

The new PDH and PP facility will be able to generate around 500,000 tons of PP annually. The unit will be situated in Turkey.

Advanced Petrochemicals Co will possess a 70% interest in the new project, while the Turkey-based producer will own a 30% stake.
Author:Anna Larionova
Category:General News
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  • aboutbayegan 27.05.2012 04:13:54
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