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Kuwait revives plan to build 4th petrochem plant

Business Kuwait City 17 Dec 21
Kuwait revives plan to build 4th petrochem plant
Kuwait decides to revive plans to construct its 4th olefins complex within a long-term strategy to expand its petrochemical and refining industry.
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Event Location
Kuwait, Kuwait
Area
Kuwait City
Start Time
17 December 2021, 12:00 AM
End Time
31 December 2021, 12:00 AM
Website

Kuwait decides to revive plans to construct its 4th olefins complex within a long-term strategy to expand its petrochemical and refining industry.

The Petrochemical Industries Company (PIC) is “updating” plans to push ahead with the 4th olefins complex project that was mulled more than 4 years ago, the Arabic language daily Alanba said, citing “responsible” sources.

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.

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.”

Meanwhile, the CEO of Arab Petroleum Investments Corp recently said that Saudi Arabia, UAE and Kuwait will lead the Middle East with new “mega” petrochemicals projects after a recent slowdown, according to S&P Global Platts reports

Kuwait petrochem plant updatesKuwait petrochemicals projects 2021



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