Advanced Petrochemical to receive extra propylene supplies from Satorp

29/09/2014 Argaam

The Advanced Petrochemical Company said it will receive extra propylene quantities from Satorp starting tomorrow (October 1st), which will increase its polypropylene output and revenues.

 

The company signed in August 2013 a deal with Saudi Aramco Total Refining and Petrochemical Company (SATORP) to increase supplied propylene quantities by 30,000 metric tonnes to a total of 80,000 metric tonnes.

 

A financial impact is expected in the fourth quarter and will remain for the deal’s tenure, a filing to Tadawul said.

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