Advanced Petrochemical to Invest $1.6B to Build Three New Plants in Saudi Arabia

Trade Arabia, July 17, 2022

Inter Pipeline Awarded $323 Million Grant to Develop its Heartland Petrochemical Project

News

Inter Pipeline announced it will receive CAD $408 million (USD $323 million) under the Alberta Petrochemicals Incentive Program in support of the continued development of its Heartland Petrochemical Complex.
Private Chinese Refiner Spends Big on Petchem, Seeks JV with LyondellBasell

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China’s privately owned Bora Enterprise Group has started construction of a $2.5 billion petrochemicals plant in northeast China as it looks to finalize a planned joint venture with LyondellBasell Industries
INEOS to Invest $2 Billion in New Manufacturing Plants in Saudi Arabia

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INEOS will invest $2 billion in building its first ever manufacturing plants in Saudi Arabia, in what is believed to be one of the largest UK investments ever in the Kingdom.
Borealis and ADNOC Sign $6.3 Billion Strategic Partnership to Expand Borouge Facility

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Borealis and ADNOC have signed a strategic partnership that confirms an USD 6.2 billion investment agreement to build the fourth Borouge facility – Borouge 4 – at the polyolefin manufacturing complex in Ruwais, United Arab Emirates (UAE).
Enterprise to Build Second Propane Dehydrogenation Plant in Mont Belvieu, TX

News

LyondellBasell and Enterprise Products Partners have executed long-term contracts that support construction of Enterprise’s second propane dehydrogenation (“PDH”) plant near Mont Belvieu, Texas.

Saudi-based Advanced Petrochemical Company has signed several agreements worth $1.62 billion to fund the construction of three new plants at Jubail Industrial City II. The scope of work includes development of a propane dehydrogenation plant with a total annual capacity of 843,000 tonnes, as well as a polypropylene facility (800,000 tonnes) and an isopropanol facility (70,000 tonnes).

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