ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE COMPLETION OF CONSTRUCTION AND SUCCESSFUL OPERATIONS OF ITS SUBSIDIARY'S PROPYLENE AND POLYPROPYLENE PRODUCTION PLANTS IN JUBAIL INDUSTRIAL CITY, KINGDOM OF SAUDI ARABIA | premargin

ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE COMPLETION OF CONSTRUCTION AND SUCCESSFUL OPERATIONS OF ITS SUBSIDIARY'S PROPYLENE AND POLYPROPYLENE PRODUCTION PLANTS IN JUBAIL INDUSTRIAL CITY, KINGDOM OF SAUDI ARABIA

TadawulJuly 14, 2025View on exchange

Element List	Explanation
Announcement Detail	Advanced Petrochemical Company (“ADVANCED”) is pleased to announce the completion of construction, and successful commencement of operations of Propane Dehydrogenation (“PDH”) plant with a nameplate capacity to manufacture 843,000 tons per annum Propylene and two PolyPropylene (“PP”) plants with combined nameplate capacity to manufacture 800,000 tons per annum by Advanced Polyolefins Industry Company (“APOC”) in Jubail Industrial City, Kingdom of Saudi Arabia. Noting that Advanced Polyolefins is a joint venture company between Advanced Global Investment Company with ownership of 85% and SK Gas Petrochemical Pte. Ltd. with ownership of 15%. The financial impact of APOC will be reflected in the ADVANCED’s consolidated financial statements starting from the third quarter of year 2025.

Element List

Explanation

Announcement Detail

Advanced Petrochemical Company (“ADVANCED”) is pleased to announce the completion of construction, and successful commencement of operations of Propane Dehydrogenation (“PDH”) plant with a nameplate capacity to manufacture 843,000 tons per annum Propylene and two PolyPropylene (“PP”) plants with combined nameplate capacity to manufacture 800,000 tons per annum by Advanced Polyolefins Industry Company (“APOC”) in Jubail Industrial City, Kingdom of Saudi Arabia.

Noting that Advanced Polyolefins is a joint venture company between Advanced Global Investment Company with ownership of 85% and SK Gas Petrochemical Pte. Ltd. with ownership of 15%.

The financial impact of APOC will be reflected in the ADVANCED’s consolidated financial statements starting from the third quarter of year 2025.