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Kuwait Petrochemicals Q2 2019

Kuwait Petrochemicals Q2 2019

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Kuwait is aiming to complete the 615,000b/d Al-Zour oil refinery project in 2020, which should help raise nationalrefinery capacity to 1.4mn b/d. There are plans for further phases that will raise capacity to 1.7mn b/d by 2025 and 2mn b/d by2035 as part of a USD25bn investment programme. The planned Olefins 3 project will utilise liquid feedstock from the refinery,including ethylene capacity of 1.4mn tpa, a 660,000tpa propylene plant and polypropylene and polyethylene plants. Alsodownstream of the Al-Zour refinery, Aromatics 2 will also add 1.4mn tpa of paraxylene capacity, used in the production ofpolyethyelene terephthalate used in plastic bottles, packaging and fibres. However, commercial starts for these two major projectshas been pushed back by two years to 2024 - beyond our five-year forecast horizon - while polymer capacities are still unclear withconflicting reports on the breakdown in polyethylene capacities.


Key View
SWOT
Petrochemicals SWOT
Industry Forecast
Macroeconomic Forecasts
Oil Cuts To Constrain Kuwait Real GDP Growth In 2019
Industry Risk/Reward Index
Middle East And Africa Petrochemicals Risk/Reward Index
Kuwait Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Industry Trends & Developments
Company Profile
Equate Petrochemical Company
Kuwait Petroleum Corporation (KPC)
Regional Overview
Middle East And Africa Petrochemicals Overview
Global Industry Overview
Kuwait Demographic Outlook
Petrochemicals Glossary
Petrochemicals Methodology

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