SOURCE: Industrial Info Resources
SUGAR LAND, TX--(Marketwire - Aug 7, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Advanced Petrochemical Company (Al Jubail, Saudi Arabia) (2330.SE) signed a memorandum of understanding with Bayegan (Istanbul, Turkey) in May of this year to construct a grassroot site in Adana, Turkey, to produce propylene and polypropylene. The joint venture is composed of Advanced Petrochemical, which holds 70%, and Bayegan, which holds 30%. The memorandum of understanding expires December 31, 2012. The site will use the propane dehydrogenation process, which is an increasingly popular way to produce propylene.
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