Saudi Advanced Petrochemicals signs new off-take deal with Vinmar
The agreement will be effective as of January 1, 2019 for five years following the termination of the existing off-take agreement on December 31, 2018.
Accordingly, Vinmar will purchase 175,000 tons/year of PP in 2019 and 144,000 tons/year of PP from 2020 to 2023 from the Saudi company.
Saudi Advanced already signed two off-take agreements with Japan’s Mitsubishi Corporation for the purchase of 150,000 tons/year of PP and Belgium’s Domo Investment Group for 100,000 tons/year of PP for a period of 10 years.
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