Riyadh – Mubasher: A subsidiary of Advanced Petrochemical Company has received the approval of the Saudi Ministry of Energy to allocate the required quantities of feedstock to establish a petrochemical complex in Jubail Industrial City in Saudi Arabia.

Advanced Global Investment Company (AGIC) will use cracking technology to produce 1.15 million tonnes per year of ethylene and 850,000 tonnes per year of propylene, according to a bourse filing on Wednesday.

The company will also develop 400,000 tonnes per year of aromatics and fuels and their derivatives.

All project units will start their operations in the fourth quarter (Q4) of 2025.