Brief: Advanced Petrochemical Says AGIC Signs EPC Contracts For Construction Of PDH Plant in Jubail II

Samsung E&A Co

14/04/2021 06:39

April 14 (Reuters) - ADVANCED PETROCHEMICAL CO  2330.SE :
    * SIGNS ENGINEERING, PROCUREMENT AND CONSTRUCTION CONTRACTS
WITH
SAMSUNG ENGINEERING CO., LTD. AND SAMSUNG SAUDI ARABIA CO., LTD.
FOR THE CONSTRUCTION OF PDH PLANT IN JUBAIL II, KINGDOM OF SAUDI
ARABIA
    * ANNOUNCES THE SIGNING OF ENGINEERING, PROCUREMENT AND
CONSTRUCTION CONTRACTS BY ADVANCED GLOBAL INVESTMENT COMPANY
    * TOTAL CONTRACTS VALUE OF USD 1.198 BILLION
    * CONTRACT FOR CONSTRUCTION OF A PROPYLENE PLANT IN JUBAIL
INDUSTRIAL CITY, KINGDOM OF SAUDI ARABIA
    * EPC CONTRACTS FOR THE CONSTRUCTION OF FACILITY FOR THE PDH
PLANT
TO PRODUCE 843,000 TONS PER ANNUM PROPYLENE
    * FINANCIAL IMPACT IS EXPECTED AFTER COMMENCEMENT OF
COMMERCIAL
OPERATIONS BY 2ND HALF OF 2024
    * CONTRACT DURATION 37 MONTHS FROM THE NOTICE TO PROCEED AS
PER
THE PROVISIONS OF THE CONTRACTS

Source text for Eikon:  ID:nSSE57HqR2 
Further company coverage:  2330.SE 

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