This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Nuevas inversiones petroquímicas en Kuwait
New petrochemical investment in Kuwait
15/03/2005
on March 15, 2005
Energy, Sheikh Ahmed Fahd al - Sabah, Kuwaiti Minister announced the creation of two new projects industrial petrochemicals, which will involve an investment of about $ 3,400 million. They will be two floors, dedicated to the production of olefinos, built by the Kuwaiti State-owned company of the petrochemical industry (CIP) and the US Dow Chemical Company.
The director of the IPC, Saad to the Shuwaib ahead of expected that both factories are completed and operational at the beginning of 2008. The first floor will be devoted to the production ethylene and its derivatives with a capacity of 800,000 of ethylene and 600,000 tonnes of ethylene glycol.
Shuwaib said that this project will multiply the 600,000 metric tons per year of polyethylene produced at other facilities of the project, due to the use of additional ethylene.
The second plant will produce around 1.5 billion other petrochemical derivatives of the group known as the olefinos II.
