Saudi International Petrochemical Company (Sipchem) has signed contracts to expand two of its propylene and polypropylene plants operated by its subsidiary, Al-Waha, with an investment of $169 million.

Sipchem announced in a statement to the Saudi Stock Exchange (Tadawul) that the expansion will increase production capacity by 72,000 tons of propylene and 150,000 tons of polypropylene. After the expansion, the total production capacity will reach approximately 537,000 tons of propylene and 600,000 tons of polypropylene.

The company stated that this expansion will enhance its market position and support its growth strategy.