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Study of Aromatics & Olefins With New Refinery

Source: KUNA 6/3/2014, Location: Middle East

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Deputy CEO of Kuwait Aromatics of the Petrochemical Industries Company Hadi Abul has anticipated that the initial feasibility study for the integration project between the 2nd Aromatics and the 3rd Olefins projects with the new refinery would be completed in four months.

Abul said in an interview with the magazine issued by the Petrochemical Industries Company, June edition, that after the completion of this study, the detailed feasibility study for the project would start.

He explained that the company is currently studying solutions that help improve pricing of naphtha and some other products, such as hydrogen.

He added that the aromatics sector is currently studying a number of investment opportunities outside Kuwait, especially in the Asian market; expressing hope those studies would have positive results to contribute significantly to the achievement of the company's strategy.

Regarding the strategy features of the aromatics sector in the coming period, Abul said it relies on the company becoming a major player in the production and marketing of aromatics by increasing its market share of petrochemical products through local and foreign investments in existing or new projects. Abul pointed out that the company aims to become the preferred supplier of aromatics in main global markets and promote integration with the activities of the Kuwait Petroleum Corporation and its subsidiaries to achieve growth in the GDP and providing job opportunities for the national manpower.

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