Advanced Petrochemical pulls out of Turkish PP project; Bayegan seeks new partners

Advanced Petrochemical Co. (Advanced; Al Jubail) has pulled out of a $1-billion propane dehydrogenation (PDH) and polypropylene (PP) project in Turkey, CW has learned. The plan, first announced in May last year, envisaged construction of a complex in a joint venture between Advanced and Bayegan (Istanbul), a local trading company. The complex was expected to have capacity to produce 455,000 m.t./year of propylene using PDH technology, and 500,000 m.t./year of PP with completion targeted for end 2015. Advanced was expected to hold 70% in the venture and Bayegan...

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