MEED magazine reported that Kuwait is considering establishing partnerships abroad to develop a propylene oxide production facility, noting that the Kuwait Petroleum Corporation is particularly interested in developing propylene derivatives projects.
One of the sources said: “The Petrochemical Industries Corporation is looking for opportunities for chemical projects and project development in the markets in which it already operates, as well as new markets.”
The source added: “For all potential projects being considered, the company is looking for reliable partners who have a long history in implementing large-scale chemical projects.”
Propylene oxide is also used as a raw material for the production of propylene glycol, which is used in food additives and cosmetics.
It should be noted that the size of the global propylene oxide market was estimated at approximately $23.53 billion in 2023 and is expected to rise to $45.21 billion by 2033.
MEED magazine revealed earlier this month that the Petrochemical Industry Company is considering developing a new olefins plant in Kuwait, and studies are underway to look into the feasibility of the project, and a possible official announcement may be made within 12 months.
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