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Saudi company joins SK Gas in Korean propane dehydrogenation project
8:07 AM MDT | March 12, 2014 | Natasha Alperowicz
Advanced Petrochemical Co. (Jubail, Saudi Arabia), today signed a memorandum of understanding with SK Gas (Seoul) to become a joint venture partner in SK Gas’s previously announced propane dehydrogenation (PDH) project in South Korea. Advanced, or its subsidiary, Advanced Global Investment Co., will hold a minimum of 25% in the joint venture. The project, to be based at Ulsan, is expected to cost $900 million and produce 600,000 m.t./year of propylene. SK Gas earlier selected the Catofin PDH technology, comprising Lummus’s process and...
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