Middle East Economic Survey

VOL. LIV

No 51

19-Dec-2011

KUWAIT

QPIC Plans PET/PTA Plant In Saudi Arabia

Kuwaits Qurain Petrochemical Industries Company (QPIC) on 12 December announced a plan to develop a petrochemical plant in Saudi Arabia at an expected cost of $1bn. The plant will have capacity to produce 800,000 tons/year of polyethylene terephthalate (PET) and 1mn t/y of purified terephthalic acid (PTA) and will be built in Jubail industrial city. QPIC Chairman Shaikh Mubarak 'Abd Allah...