Brief: Saudi's Advanced Unit Signs MoU With SK Gas To Develop Polypropylene Compounding Unit in Saudi

SK Gas

26/06/2019 07:14

June 26 (Reuters) - ADVANCED PETROCHEMICAL CO SJSC
 2330.SE :
    * UNIT ADVANCED GLOBAL INVESTMENT SIGNS MOU WITH SK GAS CO
    * MOU TO DEVELOP POLYPROPYLENE COMPOUNDING UNIT IN SAUDI
ARABIA
    * MOU DURATION 2 YEARS FROM SIGNING DATE OR UNTIL PARTIES
HAVE
EXECUTED DEFINITIVE AGREEMENTS, WHICHEVER IS EARLIER
    * TOTAL COST OF PROJECT IS CURRENTLY ESTIMATED AT $40
MILLION (SR
150 MILLION)
    * PROJECT TO PRODUCE PP COMPOUNDS WITH CAPACITY OF 100,000
TONS
PER ANNUM

Source text for Eikon:  ID:nSSEc5LSQS 
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