02 April 2006
KUWAIT: Kuwait Industrial Gases Company, one of Kuwait Oxygen Group of companies announced that a contract for 20 years bas been entered into between Shuaiba Oxygen Company and Equate Petrochemical Company (a joint company between the Petrochemical Industries Company, Bubyan Petrochemical Company, Kuwait Al- Qurain Company and Union Carbide Company an affiliate of the US Dow Chemical Company) to supply the latter with oxygen, nitrogen and compressed air needed for the Olefins II Project to be constructed at its complex at Shuaiba Industrial area.
Kuwait Industrial Gases Company is the leading Kuwaiti company in manufacturing and trading of industrial and medical gases as well as its derivatives and equipments in the State of Kuwait and other GCC countries.
Since its inception in 1953, the company continued to supply the oil companies, oil sector and other industrial companies working in Kuwait with their needs of gases.
The participation of Kuwait Industrial Gases Company in the contract for the supply of gases to Equate Petrochemical Company is achieved through its subsidiary, Kuwait Cryo Industrial Company which is owned by Kuwait Industrial Gases Company and Mohammed Abdul Mohsen Al-Khorafi and Suns Company which is the pioneering company in construction and industrial contracting. Kuwait Cryo Industrial Company is a partner by equal shares with Air Liquide Middle East Company (an affiliate of Air Liquide International Company which is considered among the five international companies in the manufacturing and trading of gases and gas production plants) in Shuaiba Oxygen Company.
For this purpose, Shuaiba Oxygen-Company will build and operate an Air Separation Unit with a production capacity of 1,500 tonnes of oxygen daily, to supply the required cases to Equate Petrochemical Company as from the second quarter of 2008.
Amer Salim Al-Huneidi, head of Kuwait Oxygen Group of companies and Chairman of the Board of Directors of Shuaiba Oxygen Company, expressed his great pleasure for the execution of this contract which on the one hand confirms the position of Kuwait Oxygen Group of companies and its ability to serve its customers in the long run, and the confidence the State of Kuwait represented by HH the Amir Sheik Sabah Al-Ahmad Al-Sabah and the government places in the private sector companies as well as its support and encouragement to play its role in serving the national economy, on the other hand. Al-Huneidi ended his press release by assuring that Kuwait Oxygen Group of companies will continue to increase its investments in the gas industry and endeavour to exploit the latest technology in the gas industry in order to serve its clients and gain their trust and to contribute to the support and development of national industries and help achieve the State targets in promoting local industrial sector.
KUWAIT: Kuwait Industrial Gases Company, one of Kuwait Oxygen Group of companies announced that a contract for 20 years bas been entered into between Shuaiba Oxygen Company and Equate Petrochemical Company (a joint company between the Petrochemical Industries Company, Bubyan Petrochemical Company, Kuwait Al- Qurain Company and Union Carbide Company an affiliate of the US Dow Chemical Company) to supply the latter with oxygen, nitrogen and compressed air needed for the Olefins II Project to be constructed at its complex at Shuaiba Industrial area.
Kuwait Industrial Gases Company is the leading Kuwaiti company in manufacturing and trading of industrial and medical gases as well as its derivatives and equipments in the State of Kuwait and other GCC countries.
Since its inception in 1953, the company continued to supply the oil companies, oil sector and other industrial companies working in Kuwait with their needs of gases.
The participation of Kuwait Industrial Gases Company in the contract for the supply of gases to Equate Petrochemical Company is achieved through its subsidiary, Kuwait Cryo Industrial Company which is owned by Kuwait Industrial Gases Company and Mohammed Abdul Mohsen Al-Khorafi and Suns Company which is the pioneering company in construction and industrial contracting. Kuwait Cryo Industrial Company is a partner by equal shares with Air Liquide Middle East Company (an affiliate of Air Liquide International Company which is considered among the five international companies in the manufacturing and trading of gases and gas production plants) in Shuaiba Oxygen Company.
For this purpose, Shuaiba Oxygen-Company will build and operate an Air Separation Unit with a production capacity of 1,500 tonnes of oxygen daily, to supply the required cases to Equate Petrochemical Company as from the second quarter of 2008.
Amer Salim Al-Huneidi, head of Kuwait Oxygen Group of companies and Chairman of the Board of Directors of Shuaiba Oxygen Company, expressed his great pleasure for the execution of this contract which on the one hand confirms the position of Kuwait Oxygen Group of companies and its ability to serve its customers in the long run, and the confidence the State of Kuwait represented by HH the Amir Sheik Sabah Al-Ahmad Al-Sabah and the government places in the private sector companies as well as its support and encouragement to play its role in serving the national economy, on the other hand. Al-Huneidi ended his press release by assuring that Kuwait Oxygen Group of companies will continue to increase its investments in the gas industry and endeavour to exploit the latest technology in the gas industry in order to serve its clients and gain their trust and to contribute to the support and development of national industries and help achieve the State targets in promoting local industrial sector.
© Kuwait Times 2006
