Kuwait’s PIC has signed a deal for a 50:50 JV with Canadian NGLs supplier and pipeline operator Pembina, creating Canada Kuwait Petrochemical Corporation (CKPC) to build an integrated propylene and polypropylene complex in Sturgeon County, Alberta at an estimated cost of Can$3.8-4.2bn ($2.8-3.1bn).

PIC deputy chief executive Hosnia Hashim says the project will “contribute to PIC’s continued pursuit of sustainable and globally diversified petrochemical growth.” The project “will be positioned to flourish in a competitive market with access to secure and advantaged feedstock.” (CONTINUED - 834 WORDS)