17 April 2008 11:56 [Source: ICIS news]
DUBAI (ICIS news)--Qurain Petrochemical Industries Co (QPIC) is planning to build a Kuwaiti dinars (KD) 800m ($3bn) purified terephthalic acid (PTA) plant in ?xml:namespace>
Speaking at QPIC's general meeting which took place late on Wednesday, the CEO said that the company has received all the necessary governmental approvals to start the project.
Further details about the project, which will be a joint venture with local and international companies, were not disclosed.
A methanol project in
QPIC is a joint stock company established in 2004 whose main investments are in the petrochemical industry.
($1 = KD0.27)
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