Petrochemical Industries Company (PIC) of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation, and the Dow Chemical Company have announced a plan to construct a new ethylene and derivatives complex in Shuaiba, Kuwait, referred to as Olefins II. This project would build on the relationship in EQUATE Petrochemical Company between PIC and Union Carbide Corporation, a subsidiary of Dow. Work on the project is expected to begin in the near future with start up anticipated in early 2007. “Olefins II would be similar to the existing plants at EQUATE with an 850,000 metric ton per annum ethane cracker and a new 600,000 metric ton per annum ethylene oxide/ethylene glycol plant using METEOR(TM) ethylene oxide technology,” said Mr. Saad Al-Shuwaib of PIC. The existing capacity for UNIPOL(TM) polyethylene would be expanded to use the additional ethylene. In addition to Olefins II, PIC and Dow expect to build an ethylbenzene/styrene unit of 300,000 metric tons per annum supplied with ethylene from Olefins II and benzene from the PIC Aromatics Project, to be built simultaneously on the site adjacent to EQUATE.
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