PTA plant proposed in Kuwait - report

23 October 2007 21:42  [Source: ICIS news]

HOUSTON (ICIS news)--A subsidiary of Kuwait Projects plans to build a $300m (€213m) purified terephthalic acid (PTA) plant in Kuwait, according to a report published on Tuesday by Reuters.

The subsidiary, United Industries, could build the 400,000 tonne/year plant in a joint venture with the Industrial Bank of Kuwait, Reuters reported.

Construction should be completed by 2010, Reuters said.

($1.00 = €0.71)

By: Al Greenwood
+1 713 525 2645

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