VOL. XXXIX

No. 63

9-December-1996

KUWAIT

Kuwaiti-Japanese Joint Venture Established For Catalyst Plant

A Kuwaiti-Japanese joint venture - the Kuwait Catalyst Manufacturing Company (KCMC)- has been set up in Kuwait with a capital of $23mn. The joint venture plans to construct a 5,000 ton/year catalyst manufacturing plant whose output would be used for the treatment of Kuwaiti crude to reduce or remove sulfur compounds. The Japanese partners in the firm, who hold 23% of the equity capital, are...