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(plastemart) -- United Petrochemical
Co is to build two petrochemical plants at the cost of US$700 mln in Kuwait. The
new entity has been formed by Kuwait's Qurain Petrochemical Industries Co and
United Industries Co in a 90:10 venture. The two plants will be the country's
first for producing purified terephthalic acid (PTA), and polyethylene
terephthalate (PET). All relevant licenses have been received by the company to
go ahead with the project. Other details have not been disclosed.
mrcplast.com |
