05 August 2013 03:50 [Source: ICIS news]
DUBAI (ICIS)--Saudi Arabia’s Advanced Petrochemical Co said on Sunday that it will get additional supply of propylene (C3) from Saudi Aramco Total Refining and Petrochemical (Satorp) based on a recently signed agreement between the two companies.
“Advanced Petrochemical Company has signed an agreement with Satorp on August 1, to increase the supply of propylene to Advanced by a quantity of 30,000 tonnes per year, bringing the total supply from Satorp to 80,000 tonnes per year,” Advanced Petrochemical said in a filing to the Saudi stock exchange.
In June last year, Advanced Petrochemical signed a short-term sales agreement with Satorp to buy 50,000 tonnes/year of propylene.
Under the new agreement, Satorp will provide Advanced Petrochemical with 80,000 tonnes/year of propylene for five years starting January 2014.
Satorp will supply the propylene via a pipeline from Jubail 2 to Jubail 1.
Satorp, a joint venture between Saudi Aramco and Total, is expecting its new refinery in Jubail 2 to be fully operational by the end of 2013.
The full-conversion refinery will produce 400,000 barrels/day of Arabian heavy crude oil and will be integrated with a petrochemicals complex that will produce olefins and aromatics.
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