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PIC to establish a second PP line with a capacity of 55,000 t/y

January 17/2011

(Arabian Oil and Gas) -- Kuwait based Petrochemicals Industries Company (PIC) is planning to establish a second polypropylene (PP) line with a capacity of 55,000 tonnes per year (t/y) starting from 2012, according to a source close to the company.


The source said that the improvement of polypropylene prices in the international market led the company to considering to increase its PP capacity. УThe total cost of the new line will be between US$50 million and $100 million,Ф Kuwaiti newspaper Al Anbaa quoted the source as saying.


The company also aims to reproduce the copolymer variety of PP, due to the improvement of the product price in the market.


The company has stopped the production of the copolymer type when the price difference between copolymer and the homopolymer type of PP reached $30-$40 per tonne, while the previous difference was between $80 and $100 per tonne.


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