Advanced Petrochemical Company (Advanced) dated June 9, 2012, August 4, 2013 and December 19, 2017 regarding the agreement for the supply of 100,000 metric tons per year of Polymer Grade Propylene (intermediate product) from Saudi Aramco Total Refining and Petrochemical Company (SATORP), Advanced would like to announce that on Tuesday, January 04, 2022 corresponding to 01/06/1443H both parties have signed an amendment to the above agreement to extend the duration of the supply of Propylene for a further term from December 1, 2021 to December 31, 2025. It is also agreed in the said amendment to increase the quantity of Propylene from 100,000 MT per annum to 120,000 MT (with a range of plus or minus 10%) effective from December 01, 2021.
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