State petchems firm PIC has inked a $3bn Canadian polypropylene JV. At home it plans to integrate petchems with the new Al-Zour refinery.

Kuwait’s PIC has signed a deal for a 50:50 JV with Canadian NGLs supplier and pipeline operator Pembina, creating Canada Kuwait Petrochemical Corporation (CKPC) to build an integrated propylene and polypropylene complex in Sturgeon County, Alberta at an estimated cost of Can$3.8-4.2bn ($2.8-3.1bn).

PIC deputy chief executive Hosnia Hashim ...