16 December 2006 13:39 [Source: ICIS news]
By John Richardson and Prema Viswanathan
DUBAI (ICIS news)--Kuwait's petrochemical arm, Equate is mulling major expansion plans that include adding a third monoethylene glycol (MEG) line and building two new crackers, the company's top official said on Saturday.
The company's president and chief executive officer, Hamad Al-Terkait said the decisions would be made in the second quarter next year once Equate had a clear indication of how much extra gas feedstock was available in ?xml:namespace>
This follows the discovery of gas reserves in northern
"If there is enough gas available, we could expand the capacity of our first cracker to 1m tonnes/year from 800,000 tonnes/year," said Al-Terkait. The cracker is located at
He added that Equate might then also raise the capacity of the cracker it is currently building, also at the same site, to 1m tonnes/year from 850,00 tonnes/year.
This would create enough ethylene for a third worldscale MEG plant to add to the facility downstream of the first cracker and the one being built as part of Equate's second complex.
He also disclosed that Equate, a joint venture between Dow Chemical and Kuwait's Petrochemical Industries Co (PIC) and Boubyan Petrochemical Co, might also build a third cracker in Kuwait if there is sufficient gas.
Al-Terkait added that Equate had signed a memorandum of understanding for a gas cracker in
On the Equate complex currently under construction, he revealed that start-up had been delayed by two months to August-September 2008 because of flooding in a workshop in
The start-up of an aromatics facility that will supply benzene for the second Equate complex's ethylbenzene/styrene plants has also been delayed by three months to the first quarter of 2009, he added.
The project, which will produce 300,000 tonnes/year of benzene and 770,000 tonnes/year of paraxylene, is a joint venture between the state-owned PIC and the Kuwaiti private sector.
"The aromatics plant has been delayed because of a delay in negotiations between PIC and the engineering and procurement contractor," he said.
This will force Equate II to import benzene for 2-3 months until the aromatics complex is ready.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections