Advanced Petrochemical signs loan agreement with Advanced Polyolefins

Advanced Petrochemical Company announced that Advanced Polyolefins Industry Company has signed a loan agreement with the Saudi Industrial Development Fund for 3 B riyals ($266 MM).

The loan is to finance the construction of propane dehydration and polypropylene plants with the ability to manufacture 843,000 tpy of propylene and 800,000 tpy of polypropylene in Jubail, Saudi Arabia.

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