13 December 2007 12:51 [Source: ICIS news]
DUBAI (ICIS news)--The Olefins II joint venture project of Kuwait's Petrochemical Industries Co (PIC) and Dow Chemical is expected to start up commercially in August next year, a PIC company official said on Thursday.
The $2.9bn ethylene and derivatives project, which has planned capacities of 850,000 tonnes/year of ethylene, 600,000 tonnes/year of ethylene glycol (EG) and 450,000 tonnes/year of styrene monomer (SM), is 70% complete in terms of construction, said Yousef al-Ateequi, deputy managing director of PIC's olefins unit.
He was speaking to ICIS news on the sidelines of the three-day 2nd Gulf Petrochemical and Chemicals Association (GPCA) Conference.
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Equate, a Dow/PIC joint venture, will operate the complex.
Mechanical completion for the cracker and the EG unit is expected to be complete by mid-2008 while the PE and SM units will be ready in the third quarter, Al-Ateequi said.
"The utility and infrastructure will be completed around the first and second quarters next year… in time for the start-up of the manufacturing units," he added.
Another aromatics project located at the same site, being developed by PIC, KNPC and the private sector, is expected to start up in the second quarter of 2009, said Al-Ateequi.
The aromatics complex can produce 300,000 tonnes/year of benzene and 770,000 tonnes/year of paraxylene (PX).
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