Kuwait plans $8 billion in petrochemical investment.

The projects include new plants and expansion of existing units owned jointly by Petrochemicals Industries Company (PIC), a subsidiary of the government-owned Kuwait Petroleum Corporation, according to a report.One project includes a 1400-tonne-a-year paraxylene plant in Bahrain, to be jointly owned by PIC and the state-run National Oil and Gas Authority of Bahrain.

Others include an ethylene glycol plant in the US with a production capacity of 750,000 tons per year, a propylene and polypropylene plant in Canada with a capacity of 550,000 tons per year as well as a polypropylene plant in South Korea with a capacity of 400,000 tons per year.


No.of Reads (122)


A light Year Ahead News Source.