Kuwaiti PIC Plans 3rd Olefins Plant

CEO of Kuwait Petrochemical Industries Company (PIC), Maha al-Mula, has announced that her company is currently planning the construction of a third olefin plant in Kuwait with investments predicted at US$ 3.5 billion, adding that the company is currently conducting necessary studies. Al-Mula also stated that the provate sector will be given a chance to invest in the project and added that she expects studies to be completed by the fourth quarter of 2010. The plant is set for completion by 2015. - Argaam