VOL. XXXII

NO. 14

9-JANUARY-1989

KUWAIT

PIC Plans Joint Venture for the Production of Polypropylene

The Kuwait Petrochemical Industries Company (PIC) - a subsidiary of thestate-owned Kuwait Petroleum Corporation (KPC) - is planning to set up a jointventure project with Union Carbide of the US for the production ofpolypropylene. According to a statement issued by PIC on 28 December 1988, thetwo firms are expected to sign a licensing agreement as well as a basicengineering agreement for the plant by...