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Advanced and Vinmar form JV for projects in the US

12:26 PM MST | February 7, 2013 | Natasha Alperowicz

Advanced Petrochemical (Advanced; Al Jubail) has signed a memorandum of understanding (MOU) with Vinmar Projects to form a new company, which will explore and evaluate petrochemical-based growth opportunities in the United States. The MOU is valid for three years.   Advanced, a producer of propylene and polypropylene, has been seeking to expand its operations and, due to lack of feedstock availability in Saudi Arabia, has been pursuing opportunities abroad. Last year, it signed an MOU with Turkish trader Bayegan (Istanbul) to duplicate a project it...

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