Home / Knowledge / News / Textiles / Kuwait's PIC to expand production of petrochem products
Kuwait's PIC to expand production of petrochem products
18
Oct '13
The Western Asian Arab country of Kuwait’s state owned petrochemical firm, Petrochemical Industries Company (PIC) is expecting an annual 46 percent increase in its production capacity after the initiation of new strategic projects for manufacturing petrochemical products, which are set for completion in 2030, according to Nasser Al Enezi, director of comprehensive planning at PIC.
 
The state-owned petrochemical company plans to expand its production of various petrochemical products including methanol, polypropylene, polyethylene, paraxylene, and benzene, reports Kuwait News Agency. 
 
Mr. Al Enezi said the growth in these sectors will continue in the coming years and a number of strategic projects have been targeted for execution until 2030.
 
PIC would be approaching these strategic projects on three fronts, building new projects in and out of Kuwait which depend on raw materials, or feedstock, taking over petrochemical companies abroad, and integration between the company's foreign as well as local-based activities, he added.
 
The strategic projects include an integrated refinery and petrochemical project in China, as well as the locally-based Olefins III project, the Aromatics Complex II project, and a planned Olefins IV project.
 
Mr. Enezi said PIC is doing its best to complete the two domestic Olefins III and Aromatics Complex II projects with the support of its parent company Kuwait Petroleum Corporation (KPC) and Kuwait National Petroleum Company (KNPC).
 
The company also expects to expand its production from 8.2 million tons to 12 million tons annually in the olefins, aromatics and specialty chemical sectors.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 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