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Advanced Petrochem Studies Some Projects Feasibility

Source: www.gulfoilandgas.com 4/28/2012, Location: Middle East

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Advanced Petrochemical Company, one of the leading companies in the petrochemical industry in the Kingdom of Saudi Arabia, is currently studying the feasibility of several industrial projects and some of them are in final stages.

Chairman of Advanced Petrochemical Company, Khalifa Bin Abdullatif Al-Mulhim, declared that for more than two years and the executive management of the company is evaluating and studying all feasible opportunities in the field of basic petrochemicals and manufacturing including expansions, and he said also that two of these projects are now in final stages of the feasibility study and will be announced shortly after obtaining the approval from Board of Directors.

He added that this reflects the company's commitment to the companyís plan in support of the Kingdomís strategy for sustainable development as well as to continue to achieve a better return for shareholders over the long term.

Advanced Petrochemical Company was founded in Saudi Arabia in 2005, to build an integrated industrial complex in order to produce polypropylene products using propane gas with a capacity of 450 thousand tons per year of polypropylene using the latest international technology.

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