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 23rd May 2017

Grasim’s VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search