Qurain Petrochemical Industries Company (QPIC) was established by the Petrochemical Industries Company (PIC) to implement the Kuwait Petroleum Company’s (KPC) strategy to encourage more the private sector in major petrochemical projects in Kuwait. and in the region.
QPIC is focusing on chemical and petrochemical products and related by-products.
In Saudi Arabia, QPIC would lead the development of the integrated polyethylene terephthalate (PET) plant to be located at Al-Jubail as part of the Al-Jubail Petrochemical complex.
The Capital expenditure is estimated around $1.2 Billion to serve the local, regional and international packaging markets.
On last December, QPIC appointed IHS Inc. to advise on the planning and development of the scheme.
– 1 million t/y purified terephthalic acid (PTA)
– 800,000 t/y polyethylene terephthalate (PET)
– Downstream derivatives
The discussions between QPIC and its suppliers Saudi Aramco & Total for the supply of the feedstock are now expected to be concluded soon so that the project should move ahead in following.
With this project the production of PTA will be offered to local markets, but the bigger part will be used as feed stock for downstream conversion into PET resin.
The complex will support the downstream conversion industry in Saudi Arabia in the production of bottle preforms, sheet and films for the packaging of food and consumer goods.