Petrochemical Industries Co. (PIC) aims to implement a number of strategic projects by 2030, foremost among which are Olefins ones, said Mijbel Al-Shemmari, head of Olefins Business Development department.
The Olefins Business Development department works on carrying out the third project of Olefins in line with the PIC's strategy that aims at expanding the field of petrochemicals and enhancing integration with the activities of Kuwait Petroleum Corporation, Al-Shemmari told Chemistry Magazine in an interview.
There is now an initial feasibility study on the integration project among the third Olefins factory, the aromatics plant and the Al Zour Refinery, he said, indicating this feasibility study aims at choosing the best alternatives required for the project.
The PIC produces about five million tons of Olefins such as ethylene, polyethylene and glycol as well as other products in cooperation with EQUATE, Kuwait Olefins Company and other companies, he noted.
He said that Kuwait is considered one of the leading countries in the field of petrochemicals as it established the first petrochemical firm in the Gulf region in the early 1960s.
The PIC is a leading one in manufacturing and marketing ethylene glycol, he said, noting that Kuwait seeks to expand Olefins through increasing their production.
Olefins are most important as they are used in the manufacture of virtually all consumer products made with chemicals or plastics. The most important of these are ethylene and propylene.