Equate defers Shuaiba PE expansion to May

22 January 2009 07:25  [Source: ICIS news]

SINGAPORE (ICIS news)--Equate Petrochemical Co has deferred the expansion of its polyethylene (PE) plant in Shuaiba, Kuwait, by four months to May 2009, a source close to the company said on Thursday.

The capacity of Equate's high density PE (HDPE)/linear low density PE (LLDPE) swing plant will be increased to 900,000 tonnes/year, from the current 600,000 tonnes/year.

"The delay is mainly due to issues related to the project’s contractors," the source said, declining to elaborate further.

Feedstock ethylene for the PE expansion would be procured from the new 850,000 tonne/year ethane cracker (Olefins II) which started up in December, the source said.

Equate is a joint venture between Kuwait's Petrochemical Industries Co (PIC) and US chemical major Dow Chemical, with each owning a 42.5% stake. Local investors hold the remaining stake.

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By: Prema Viswanathan
+65 6780 4359

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