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Olefins 3 Petrochemicals Plant Project

  • New Project
  • Kuwait
  • Industrial Projects.

This project involves the development of Olefins 3 petrochemicals plant in Al-Zour area of Kuwait. If the complex is located adjacent to Al-Zour refinery, it is likely to be built to the refinery's north, due to existing developments in other surrounding areas. The project is about Engineering, Procurement and Construction (EPC) contract for the development of a Petrochemicals plant. The project is an ethylene and polyethylene plant in Al Jubail, Saudi Arabia. A major expansion of the plant was started financed with a loan of about $720m from a consortium of 16 banks, arranged for a term of eight and a half years. The rest of the project was paid for through equity. The expansion project involved the construction of a 218,000t/y low-density polyethylene plant and an olefin cracker which produces 700,000t/y of ethylene and 200,000t/y of propylene. The plant uses the proprietary technology of ExxonMobil for the high pressure LDPE unit. The project also included the de-bottlenecking of the companyÂ’s linear low-density polyethylene to raise capacity by nearly 40% from (615,000t/y to 850,000t/y), which was completed. The Olefin III project, started in last quarter 2001, included 800,000t/y feedstock ethylene, 160,000t/y propylene and 25,000t/y benzene. Thus, the project is a major commitment. The new plant cost approximately $1bn. The plant has two more ethylene crackers that were constructed by the Saudi Arabian division via a turnkey contract, which uses both hot ends and recovery technology. Any development to the north of the refinery is expected to involve major re-routing or avoidance of electrical overhead power lines from Al-Zour power station. Plans for the new plant are still at an early stage. It will be integrated with the $14 billion New Refinery Project (NRP) and is expected to include units to produce polypropylene, paraxylene and gasoline. Client is yet to acquire land for the scheme and no detailed studies have been carried out. UK-based consultancy has been hired to carry out an initial feasibility study. KBC has not yet confirmed a timescale for the feasibility study, but it is expected to be completed in first half of 2015. The time-frame for construction of this plant is yet to be decided, but it is likely to start one or two years after completion of the refinery.

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