Brief: Advanced Petrochemical Says AGIC Signs EPC Contract for Two Polypropylene Plants In Jubail II

SK Gas

14/04/2021 06:45

April 14 (Reuters) - ADVANCED PETROCHEMICAL CO SJSC
 2330.SE :
    * SIGNING OF ENGINEERING, PROCUREMENT AND CONSTRUCTION
CONTRACTS
BY ADVANCED GLOBAL INVESTMENT COMPANY FOR CONSTRUCTION OF TWO
POLYPROPYLENE PLANTS IN JUBAIL II
    * AGIC HAS SIGNED ENGINEERING, PROCUREMENT AND CONSTRUCTION
CONTRACTS WITH TECNIMONT S.P.A AND TECNIMONT ARABIA LTD
    * TOTAL CONTRACTS VALUE OF USD 485 MILLION
    * ADVANCED PETROCHEMICAL - FINANCIAL IMPACT IS EXPECTED
AFTER THE
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
    * EPC CONTRACTS FOR THE CONSTRUCTION OF FACILITY TO BUILD
TWO PP
PLANTS INCLUDING PRODUCT HANDLING AREA WITH NAME-PLATE CAPACITY
OF 400,000 TONS PER ANNUM EACH,

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

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