Oct 02 2010 |
more articles from
|
Al-Rashidi: Kuwait Aromatics to launch new projects and products
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 Bakhit 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 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."
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.
-End-
For additional information, contact:
Ali Y. Al-Hamad
Tel: (+965) 2576-5661
Mob: (+965) 9722-8611
E-mail: alhamaay@equate.com
© Press Release 2010
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment