Background: This project comprises a portfolio of more than 12 specialty chemicals, including hydrocarbon resins, aromatic solvents, premium wash oils, naphthalene and other products to be made for the first time in the Middle East and North Africa.

Owner: Advanced Petrochemical aims to own 30-40% of the project through its subsidiary, Advanced Global Investment Company (AGIC), in which it holds 95% equity. The project will be funded through a combination of 30% equity and 70% debt.

Consultants: Global Company for Downstream Industries (GDI)

Facility Property: Pyrolysis gasoline and Pyrolysis oil plant 

Capacity: 300,000 tonnes/year

Project Value: $580 million. 

Ownership Type: Joint Stock

Constration Property: Standalone