Petrochemical Industries Co. plans projects worth $10 billion over the next four years as the Kuwaiti company that canceled a venture with Dow Chemical Co. seeks to expand its operations.
PIC s projects include building a third mixed-feed olefins facility, estimated to cost about $5 billion with an annual output capacity of 1.4 million tons of ethylene, Chairwoman and Managing Director Maha Mulla Hussein said today in an interview at the company s headquarters south of Kuwait City.
PIC s share in a proposed refinery and petrochemical complex costing about $9 billion in China s Guangdong province is also part of the company s projects, Hussein said.
Kuwait in December 2008 canceled a joint venture with Dow Chemical, the biggest U.S. chemical company.
PIC s projects include building a third mixed-feed olefins facility, estimated to cost about $5 billion with an annual output capacity of 1.4 million tons of ethylene, Chairwoman and Managing Director Maha Mulla Hussein said today in an interview at the company s headquarters south of Kuwait City.
PIC s share in a proposed refinery and petrochemical complex costing about $9 billion in China s Guangdong province is also part of the company s projects, Hussein said.
Kuwait in December 2008 canceled a joint venture with Dow Chemical, the biggest U.S. chemical company.
