SUGAR LAND, TX — (Marketwire) — 08/07/12 — Researched by Industrial Info Resources (Sugar Land, Texas) — Advanced Petrochemical Company (Al Jubail, Saudi Arabia) (2330.SE) signed a memorandum of understanding with Bayegan (Istanbul, Turkey) in May of this year to construct a grassroot site in Adana, Turkey, to produce . The joint venture is composed of Advanced Petrochemical, which holds 70%, and Bayegan, which holds 30%. The memorandum of understanding expires December 31, 2012. The site w