Polypropylene complex opens at Jubail

06 November 2008
The local Advanced Polypropylene Company (APPC) has started operating its 455,000-tonne-a-year polypropylene facility at Jubail, following a 32-month engineering, procurement and construction phase.

The US’ CB&I, which worked as the project management consultant on the project, says the plant is operating.

The shareholders in the company are National Polypropylene Company, Dar Chemicals, Abdul Rahman Saad al-Rashid & Sons, and Khalid al-Raji, all local, Vinmar Group and CB&I, both of the US, Belgium's Domo Group and the Islamic Development Bank Infrastructure Fund (MEED 3:3:06).

APPC completed a SR1.67bn ($446m) initial public offering in December 2006, as part of the kingdom’s requirement that a petrochemicals project receiving feedstock from Saudi Aramco must offer shares to the public.

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