publish time

05/11/2017

author name Arab Times

publish time

05/11/2017

KHOBAR, Saudi Arabia, Nov 4, (RTRS): Kuwait’s Petrochemical Industries Co (PIC) has signed a contract with US firm Jacobs Engineering to carry out engineering and design work for a planned polypropylene plant it co-owns in Canada, Kuwait’s state news agency reported on Saturday.Kuwait and its neighbours including Saudi Arabia are expanding their petrochemicals footprint abroad, offering them a diversified feedstock for their growth in the sector.Canada Kuwait Petrochemical Corp (CKPC), a joint venture between PIC, which is a subsidiary of state-run Kuwait Petroleum Corp (KPC), and Canada’s Pembina Pipeline Corp, plans to develop the facility.Jacobs will be in charge of carrying out front-end engineering and design for a propylene and polypropylene facility in Alberta. The work includes identifying costs and a timeframe for the project. No value for the contract was given.Work on the project is expected to be completed in the fourth quarter of 2018, KUNA reported, citing a PIC statement.Pembina said in a statement in May that the preliminary capital cost estimate for the project is $3.8-$4.2 billion.The facility is expected to consume 22,000 barrels per day of propane produced in Alberta, it said in May.