Arab Today, arab today pic plans 46 annual production increase after projects completed in 2030
Last Updated : GMT 14:23:54
Arab Today, arab today
Arab Today, arab today

PIC plans 46% annual production increase after projects completed in 2030

Arab Today, arab today

Arab Today, arab today PIC plans 46% annual production increase after projects completed in 2030

Kuwait - KUNA

Kuwaiti state-owned Petrochemical Industries Company (PIC) expects an annual 46pct increase in its production capacity after new strategic projects set for 2030 are completed, according to a senior employee. The company plans to expand its production from 8.2 million tonnes to 12 million tonnes a year in the olefins, aromatics and specialty chemical sectors as \"growth in these sectors will continue in the coming years, and a number of strategic projects have been targeted for execution until 2030,\" director of comprehensive planning, Nasser Al-Enezi, told the company\'s in-house magazine. It is also keen to discover new investment opportunities to expand upon its production of petrochemical products, namely urea, ammonia, methanol, polypropylene, polyethylene, ethylene glycol, paraxylene, benzene and styrene. This strategy is being approached on three fronts, building new projects in and out of Kuwait which depend on raw materials, or what is known as feedstock (natural gas in this case), taking over petrochemical companies abroad and integration between the company\'s foreign and local-based activities. Newly-assumed projects include the locally-based Olefins III project, the Aromatics Complex II project, a planned Olefins IV project and an integrated refinery and petrochemical project in China. The company is doing its best to complete the two home-based Olefins III and Aromatics Complex II projects with the support of parent company Kuwait Petroleum Corporation (KPC) and Kuwait National Petroleum Company (KNPC). On competition in the global market, he said that \"there will be many changes which will aid drawing up the future of petrochemicals globally.\" The most fundamental of these will be the levels of expected supply of shale gas from North America in the coming years and how the global market will react to this. This is in light of the continent\'s production and competitive capacity when taking into account the decreasing production of gas in the Gulf region amid a new global shift towards liquefied petroleum gases (LPGs) like naphtha, propane and butane.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pic plans 46 annual production increase after projects completed in 2030 Arab Today, arab today pic plans 46 annual production increase after projects completed in 2030

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pic plans 46 annual production increase after projects completed in 2030 Arab Today, arab today pic plans 46 annual production increase after projects completed in 2030

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday