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Kuwait Aromatics to launch new projects & product
13
Oct '10
Kuwait Aromatics Company (KARO) will start selling heavy aromatics during 2011 and its currently conducting a feasibility study for a new Kuwait-based downstream project, said the company's board Chairman Bakheet Al-Rashidi.

During a board visit to the plants of The Kuwait Styrene Company (TKSC) and Kuwait Paraxylene Production Company (KPPC), Al-Rashidi said, “We will start offering heavy aromatics during next year. That will add more volumes to our export quantities and will increase the company's returns.” KPPC is a wholly owned subsidiary of KARO that has a 57.5% stake in TKSC.

Al-Rashidi explained, “KPPC's aromatics complex, which is Kuwait's first with the value of over USD 2 billion, currently produces 829,000 metric tons annually (MTA) of paraxylene (BZ) and 393,000 MTA of benzene (BZ). PX is marketed around the world by Petrochemical Industries Company (PIC), while BZ is used for manufacturing Styrene Monomer (SM) by TKSC.”

Al-Rashidi added, “KARO and its shareholders are currently examining a downstream project that involves using KPPC's paraxylene products as feedstock. We are presently at the feasibility study stage and aim to finalize it during 2011.”

Al-Rashidi noted “The aromatics business is going through a very challenging cycle and all efforts are focused into a successful business performance at this word class facility through best business practices in such commodity production. We need to maintain the excellence in environment, health and safety performance at all time, as well as continue developing the exemplary operational and business performance. Above all, we will always support the highly competent human assets who are the cornerstone our success.”

Al-Rashidi lauded the role of EQUATE Petrochemical Company in operating the plants of KPPC, expressing utmost appreciation for overall achievements in several relevant fields.

KARO is a joint venture grouping PIC with 40%, Kuwait National Petroleum Company (KNPC) with 40%, while Qurain Petrochemical Industries Company (QPIC) owns the remaining 20%.

EQUATE is the single operator of Greater EQUATE, which includes KPPC, TKSC and The Kuwait Olefins Company (TKOC) under one fully integrated operational umbrella at Kuwait's Shuaiba Industrial Area.

EQUATE Petrochemical Company KSCC

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