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KNPC announces pre-qualification bid results for building, operation of plant

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KUWAIT CITY, Aug 17: Kuwait National Petroleum Company (KNPC) has announced the results of the pre-qualification to bid for the building and operation of a plant for extracting minerals from catalysts — five international companies were qualified in alliance with local entities, reports Al-Anba daily. KNPC disclosed the qualified companies are British Harsco Metals United in alliance with Abdulaziz Al-Rasheed and His Sons Company, Plum-Monix Industry Company Taiwan, Shell Overseas Investment Company in alliance with National Technology Projects Company, Environment Development Company Ltd in alliance with Kuwaiti Geophysical Company, and Refracast Metallurgical Company in alliance with Metallurgical and Processing Industries Company.

The catalysts extraction plant is one of the huge projects that the oil sector intends to assign to the private sector. KNPC is scheduled to conclude a contract with the winning company for a period of 20 years to sell the used catalysts, which currently amounts to 25 tons per year. It is expected that the future expansions of KNPC’s refineries will double these quantities — 50 to 60 tons annually, which will provide remarkable financial returns. The factory will be designed according to modern technical methods to be able to compete with similar products in the global market, in addition to taking into account the environment and safety conditions.

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