Home / Knowledge / News / Textiles / Kuwait's QPIC plans $1bn PET plant in Saudi Arabia
Kuwait's QPIC plans $1bn PET plant in Saudi Arabia
15
Dec '11
Kuwait's Qurain Petrochemical Industries Company (QPIC) is planning to set up an integrated polyethylene terephthalate (PET) plant in Saudi Arabia at a cost of one billion USD, and has engaged global information company IHS Inc to advise it on planning and development of the project.

QPIC Chairman Sheikh Mubarak Abdullah Al Mubarak Al Sabah said the plant would be established in Saudi Arabia's Al-Jubail industrial city.

The new petrochemical complex will use paraxylene as feedstock which will be supplied by a local refinery. It will have an annual capacity to produce 800,000 tons of PET and 1 million tons of purified terephthalic acid (PTA).

Terming the current project as a major investment project for his firm, QPIC Chairman Sheikh Mubarak said they wished to engage an industry leader to device their project implementation strategy swiftly and assertively. Hence, IHC was appointed to advise QPIC at various stages of planning and development while setting up the project.

Saudi Arabia's Jubail industrial city located to the east of the country houses one of the world's biggest petrochemical clusters with highly advanced infrastructure and availability of competitive hydrocarbon feedstock, and thus is a favourable location for big petrochemical investments.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search