Saudi Aramco Total and Advanced Petrochemical Sign Propylene Supply Deal

Advanced Petrochemical Co. (Advanced; Jubail, Saudi Arabia) on Saturday June 9, 2012 signed a sales agreement with Saudi Aramco Total Refining and Petrochemical Co.  (Satorp; Jubail) for the supply by Satorp to Advanced of polymer grade propylene from the Satorp refinery now under construction at Jubail 2.  Satorp will, under the terms of the agreement, supply 50,000 m.t./year of propylene to Advanced for an initial period of three years with automatic renewals of successive one year periods. The supply is expected to commence from January 1, 2014. The...

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