Kuwait Paraxylene Production Company (KPPC) made an announcement that it has shipped its first consignment of heavy aromatics to Asia. The size of the consignment is 17,000 metric tons. KPPC is an entirely owned wing of Kuwait Aromatics Company (KARO).
Al-Rashidi, the KARO board Chairman, revealed that KPPC aromatics plant, having an annual production capacity of 80,000 metric tons, will continue to sell heavy aromatics manufactured at its complex. This will not only improve the added-value and earnings from this plant to the aromatics business.
He said that earlier, the plant had been used for fuel replacement at the complex and had larger market substitution value and but now it is expected to lower the complex's total carbon print owing to less carbon dioxide release arising out of the application of cleaner fuels.
He also greatly praised the Petrochemical Industries Company (PIC) and Equate Petrochemical Company for its contribution in the successful manufacturing of heavy aromatics.
Apart from heavy aromatics, KPPC's aromatics complex manufactures 829,000 metric tons of Paraxylene and 393,000 metric tons of Benzene annually.
KARO is a joint venture company including Petrochemical Industries Company (PIC) having 40 percent share, Kuwait National Petroleum Company (KNPC) having another 40 percent share and Qurain Petrochemical Industries Company (QPIC) holding the rest of the 20 percent share.
Fibre2fashion News Desk - India
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