By OGJ editors -- A joint venture of Kuwait Petroleum Corp.'s Petrochemical Industries Co. (PIC) and a Dow Chemical Co. subsidiary signed a memorandum of understanding with Fluor Corp. to provide engineering, procurement, and construction management services for the Olefins II project in Kuwait (OGJ, Mar. 4, 2005, Newsletter).
The contract's value was not disclosed. When completed in the second quarter of 2008, the project will double the capacity of an existing olefins complex 25 miles south of Kuwait City.
Facilities will include an 850,000 tonne/year cracker, a 600,000 tonne/year ethylene glycol unit, and a 450,000 tonne/year ethylbenzene-styrene monomer unit, which will receive ethylene from Olefins II and benzene from the Aromatics Project, to be built simultaneously on the site adjacent to the Equate Petrochemical Co. facility.
Equate, a joint venture of PIC and Dow Chemical's Union Carbide, will manage, operate, and maintain the Olefins II facilities.