Kuwait revives plan to build 4th petrochemical plant

Kuwait has decided to revive plans to build its 4th olefins complex within a long-term strategy to expand its petrochemical and refining industry to support economic diversification plans, a local newspaper said.
The Petrochemical Industries Company (PIC) is “updating” plans to push ahead with the project that was mulled more than 4 years ago, the Arabic language daily Alanba said, citing “responsible” sources.
PIC, the Gulf emirate’s petrochemicals investment arm, has launched a feasibility study for the project, which will mainly produce polypropylene, the paper said.
“PIC has launched a feasibility study in coordination with the Kuwait Petroleum Corporation to build the country’s 4th petrochemicals complex,” the paper said.
The project is part of a strategy to boost Kuwait’s petrochemicals production at home and abroad to at least 14.5 million tonnes annually by 2040, the report added.
In 2018, officials said PIC selected the US-based Jacobs Engineering to prepare a feasibility study for the project that was held up by low oil prices and the spread of Coronavirus.
Previous articleVishwaraj Sugar to infuse Rs 400 cr in expansion
Next articleUtico, Siemens sign MoU for Hassyan IWP project