Reuters logo
Kuwait's PIC signs contract with U.S. Jacobs for plant in Canada
November 4, 2017 / 9:44 AM / a month ago

Kuwait's PIC signs contract with U.S. Jacobs for plant in Canada

KHOBAR, Saudi Arabia (Reuters) - Kuwait’s Petrochemical Industries Co (PIC) has signed a contract with U.S. 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 neighbors 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.

Reporting by Reem Shamseddine; editing by Alexander Smith

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below