Kuwait's PIC to run PP plant at 85-90% until Oct

01 August 2012 13:31  [Source: ICIS news]

LONDON (ICIS)--Kuwait's Petrochemical Industries Co (PIC) will be running its polypropylene (PP) unit at 85-90% until October because of feedstock shortages, a source at the company said on Wednesday.

The company sources the majority of the PP feedstock propylene from the state-owned Kuwait National Petroleum Company (KNPC).

"Our feed supplier KNPC has minor technical issues affecting their feed supply to us," the source said.

PIC's PP plant at Shuaiba, Kuwait has a nameplate capacity of 150,000 tonnes/year.

"We expect the problems in feed supply to be sorted by October. Until then we will have slightly less than normal supply," the source added.

The reduced supply from PIC is not expected to affect the PP markets significantly, as product from the rest of the Middle East suppliers are sufficient to meet current needs in the Middle East and Africa.

 


By: Cuckoo James
+44 (0) 208 652 3214



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