Advanced Petrochemical Company (‘Advanced ‘) was established as Saudi Closed Joint Stock Company in October 2005, its current 2021 paid up capital is SAR 2,164,734,000. The company has been publicly listed on the Saudi Stock Exchange (“Tadawul”) since 2006. Advanced Petrochemical started the construction of its plants in May 2005. The company designed to produce 455,000 tons per year of propylene and 450,000 tons per year of polypropylene (Name plate capacity) from its production facility located in Jubail Industrial City, in the Eastern coast of the Kingdom of Saudi Arabia. The company started the commercial production from its polypropylene facility on 3rd March 2008. Advanced utilizes the PDH-Catofin Technology, which is licensed by Lummus, for the production of propylene, and it also uses the Novolen Technology for the production of polypropylene. Advanced’s new expansion project to set up a PDH-PP complex in Jubail-2, to produce 843 KTA Propylene and 800KTA Polypropylene, is in the execution phase. This new PDH unit will adopt the same Catofin Technology and the PP units will adopt LyondelBasell’s Spheripol and Spherizone Technologies with PP capacity of 400 KTA each