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A petrochemical project worth 1 billion dollars will be implemented in South Korea
Advanced Petrochemical Co. from Saudi Arabia plans to invest 1 billion dollars in a project for the production of propylene in South Korea, reports IA Ruskor, citing Gulf Business.
The propylene production project (PDH) will be a joint venture with the South Korean company SK Gas. Its implementation will begin in the first half of 2016. Estimated annual output is defined in 600 000 tons. Advanced Petrochemical will have a 35 percent stake in the project.