Middle East Economic Survey

VOL. XLVIII

No 10

7-March-2005

KUWAIT

PIC And Dow Chemical Lay Foundation For Olefins-2

Kuwaits Petrochemical Industries Company (PIC) and Dow Chemical of the US, as the Kuwait Olefins Company, laid the foundation stone for the Olefins-2 project on 1 March, marking the start of the next phase in the construction of the new ethylene and derivatives complex in Shu'aiba, the cost of which has been estimated at $3.5bn. The Olefins-2 plant will have an 850,000 tons/year...