PIC expanded its horizon by establishing a new Company, Canada Kuwait Petrochemical Corporation (CKPC), in 2017 with a 50:50 equity with Pembina of Canada, in the construction of 550 KTA PDH/PP plant in Alberta, Canada.
The project execution is as per schedule and the plant is expected to be commissioned by Q2 2025/2026 and would cost around USD 3.6 Billion.
The economic and technical feasibility study (FS) by M/s Advisian for the Olefins IV project in Kuwait is being evaluated. The project aims at setting up a petrochemical complex to produce ethylene, polyethylene, ethylene glycol and specialized petrochemical products.
The process of JV Partner selection is ongoing. The complex will utilize the competitively available Ethane feedstock from Kuwait. The Commissioning of the complex is planned to start in 2028.