Kuwait’s PIC plans capacity expansion for olefins, polymers
As part of the plan, the company’s current capacity of 2 million tons/year of olefins, 2 million tons/year of aromatics and 1 million tons/year of other products will be tripled to 16 million tons/year in total, sources said.
As a result of this capacity expansion, the company is expected to increase its presence in exports markets including China, Vietnam, India and Indonesia, where the competition will be stiff.
PIC will reportedly build its Olefin 3 project in Al Zour, Kuwait, which is planned to have a 1.4 million tons/year cracker of ethylene, 450,000 tons/year propylene plant, 1 million tons/year PE plant as well as 550,000 tons/year of PP plant.
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