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SATORP raises propylene supply to Advanced Petrochemicals
06
Aug '13
courtesy: Advanced Petrochemicals
courtesy: Advanced Petrochemicals
Saudi Aramco Total Refining and Petrochemicals (SATORP) has signed an agreement with Jubail-based Advanced Petrochemical Company to increase its supply of propylene to Advanced by 30,000 mt/year, bringing the total supply of propylene from SATORP to Advanced to 80,000 mt/year.
 
Last year, both the companies entered into a short-term sales agreement, wherein SATORP agreed to supply 50,000 mt/year of propylene to Advanced Petrochemicals, which has a capacity to produce 450,000 mt/year of polypropylene.
 
The duration of the supply of entire 80,000 mt/year of propylene has now been increased to 5 years from the earlier 3 years.
 
SATORP is expected to start supplying 80,000 mt/year of propylene from January 1, 2014.
 
The increase in propylene supply would result in increasing polypropylene production capacity of Advanced Petrochemicals by the same amount, and thus increase Advanced’s revenue from the sale of additional polypropylene.
 
SATORP is one of the largest refinery and petrochemical complexes in the world with a capacity to process 400,000 barrel per day of Arabian heavy crude oil, and it produces petrochemicals like paraxylene, benzene and propylene.
 

Fibre2fashion News Desk - India


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