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THE KUWAIT AROMATICS COMPANY  
 
EQUATE
The Kuwait Olefins Company
The Kuwait Aromatics Company
Projects Under Development
United Oil Projects Company
 
     
  Immediate Release : Qurain Petrochemical Industries Company posts KD0.93 (US$3.3) million for the first quarter of the financial year 2014/2015
July 22, 2014
Kuwait City, 22 July, 2014: Qurain Petrochemical Industries Company (QPIC) has announced a net profi...

Qurain Petrochemical Industries Company posts KD 27.5 (US$ 97.3) million net profit for 2013-14
May 7, 2014
Kuwait City, 7 May, 2014: Qurain Petrochemical Industries Company (QPIC) posted KD 27.5 million (app...

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February 24, 2014
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As part of a hedging and cost cutting strategy, QPIC converts its KD loan to US Dollars
February 10, 2014
QPIC holds most of its assets and receives most of its income in United States Dollars. As part of a...

Qurain Petrochemical Industries Company posts solid profits of KD 9 mn
February 2, 2014
Kuwait City, 2 February, 2014: Qurain Petrochemical Industries Company KSC (QPIC) announced today it...

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January 27, 2014
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Qurain Petrochemical Industries Company posts solid profits of KD 8.08 mn For the half year ended 30 September 2013
November 6, 2013
Kuwait City, 6 November 2013: Qurain Petrochemical Industries Company (QPIC) announced today its fin...

Qurain Petrochemical Industries Company posts solid results of KD 4.15 mn For the first quarter of the financial year 2013/2014
July 24, 2013
Kuwait City, 24 July, 2013: Qurain Petrochemical Industries Company (QPIC) posted a net profit of KD...

Qurain Petrochemical Industries Company holds its General Assembly meetings for the financial year ended 31 March 2012
June 27, 2013
Kuwait City, 27 June, 2013: Qurain Petrochemical Industries Company (QPIC) held its’ Ordinary Gene...

Interview with Mr. Sadoun A. Ali (Vice Chairman & CEO of QPIC ) - Al Arabia Channel
May 9, 2013
Interview with Mr. Sadoun A. Ali (Vice Chairman & CEO of QPIC ) - Al Arabia Channel ...

Qurain Petrochemical Industries Company posts KD 22.61 million in yearend profits
May 5, 2013
Kuwait City, 5 May, 2013: Qurain Petrochemical Industries Company (QPIC) posted KD 22.61 million net...

Qurain Petrochemical Industries Company posts KD 3.66 mn net profit for the nine months ended December 31, 2012
January 28, 2013
Kuwait City, 30 January, 2012- Qurain Petrochemical Industries Company (QPIC) posted net profit of K...

Qurain Petrochemical Industries Company posts KD 186,566 net profit for first half of FY 2012/2013
October 22, 2012
Kuwait City, 22 October, 2012- Qurain Petrochemical Industries Company (QPIC) posted net profit of K...

Qurain Petrochemical Industries Company posts net profit of KD 124,843 for the first quarter of the financial year 2011/2012
July 31, 2012
Kuwait City, 30 July, 2012- Qurain Petrochemical Industries Company (QPIC) achieved net profits of K...

Qurain appoints new Vice Chairman and CEO
June 11, 2012
Kuwait City, 12th June, 2012: Qurain Petrochemical Industries Company (QPIC) has announced the appoi...

Qurain Petrochemical Industries Company posts net profit of KD 33.02 million for financial year 2011/2012
May 16, 2012
Kuwait City, 16 May, 2012- Qurain Petrochemical Industries Company (QPIC) posted strong financial re...

Qurain Petrochemical Industries Company posts net profit of KD 18.07 million for the fourth Quarter of 2011
January 24, 2012
Kuwait City, 24 January, 2012: Qurain Petrochemical Industries Company (QPIC) posted strong financia...

Qurain Petrochemical Industries Company to setup a world scale petrochemical investment project, appoints IHS as advisor
December 13, 2011
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Qurain Petrochemical Industries Company posts net profit of KD 20.45 million for the Third Quarter of 2011
October 27, 2011
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QPIC sponsors the Oil & Money 2011 Conference that will be held in London from 10 to 12 October 2011
October 9, 2011
Kuwait City, 9 October , 2011 - As part of Qurain Petrochemical industries company (QPIC) strategy...

Board of Directors of Qurain meets the Deputy Amir
September 22, 2011
Board of Directors of Qurain meets the Deputy Amir...

QPIC Newsletter
September 18, 2011
We are pleased to inform you, the availability of a new Special Editorial Service; by sending an ema...

Qurain Petrochemical Industries Company posts net profit of KD 18.72 million for the first half of 2011
August 2, 2011
Kuwait City, 2 August, 2011: Qurain Petrochemical Industries Company (QPIC) posted strong financial ...

Qurain Petrochemical Industries Company Holds its Deferred Extraordinary General Assembly Meeting for Amending the Financial Year of the Company
June 27, 2011
Kuwait, June 27, 2011-
The deferred extraordinary General Assembly of Qurain Petrochemical Industri...

Al Khorayef an associate of United Projects Co to finance KOC Project
June 9, 2011
find the attachment...

First Quarter Brief:
June 7, 2011
> QPIC net profit for 31 March 2011 reached KD 18,160,921. The Earning Per Share is 16.58 fils.
> ...

Outlook:
June 7, 2011
> Equate end of year profitability is expected to exceed last year’s.
> KARO is expected to bre...

AGM and EGM to change the company fiscal year
June 2, 2011
QPIC will hold an AGM/EGM on Thursday 9th of June, 2011 at 10am. All shareholders are invited to att...

Qurain Petrochemical Industries Company posts net profit of KD 18.16 million for the first quarter of 2011
April 27, 2011
Kuwait City, 27th April, 2011: Qurain Petrochemical Industries Company (QPIC) posted strong financia...

2010 Postponed AGM & EGM
March 28, 2011
QPIC 2010 postponed AGM and EGM were held on Monday 28/3/2011@10:00 AM at MOC. ...

2010 AGM & EGM were postponed
March 10, 2011
This year AGM and EGM scheduled to be held today Thursday March 10, 2011 were postponed due to lack ...

AGM & EGM for the year 2010
February 24, 2011
2010 AGM & EGM will be held on Thursday 10/3/2011 @ 10:00 AM in MOC

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Qurain Petrochemical Industries Company announces that It was informed about its 2010 Cash Dividends from Equate and TKOC.
January 31, 2011
Qurain company was informed that Its Cash dividends from Equate and TKOC will be around KD 14.3 mill...

Qurain Announces 1st Quarter Earnings of KD 3,251,537
April 21, 2010
Kuwait – 21st April, 2010: Qurain Petrochemicals Industries Company (QPIC) announces a net profit ...

Extra-ordinary General Assembly (EGM) - April 12th, 2010
April 7, 2010
QPIC will hold an Extra-ordinary General Assembly (EGM) on Monday April 12th, 2010 at 10am. All shar...

 
   
 

   
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THE KUWAIT AROMATICS COMPANY
     
 

THE KUWAIT AROMATICS COMPANY (KARO)


The Aromatics complex consists of units to produce the main products of Benzene and Para-Xylene ; in addition there will be the side products of: Light Naphtha, LPG, Hydrogen, Light Ends, and Heavy aromatics. The main feed for the complex will be Full Range Naphtha. The complex is designed to utilize the Benzene production of 370,000 Tons/year to the Styrene project. The Para-Xylene is desired production with a continuous growth in demand in global markets. The Aromatics project is designed to annually produce 774, 000 Tons of Para-Xylene. Para-Xylene is used in the production of petrochemical end-products such as: Pure Terephthalic Acid (PTA), Di-Methyl Terephthalate (DMT) for the subsequent production of different types of Polyesters. The other side products from the Aromatics complex will be utilized for further processing and reprocessing in other projects. The Aromatics complex is expected to commence production in January 2009.

 

 

 

THE KUWAIT STYRENE COMPANY (TKSC)

KARO holds 57.5 % of the Styrene Project.

The Styrene project will have a production capacity of 450,000 Tons of Styrene. Ethylene from TKOC and benzene from KPPC will be supplied to the Styrene manufacturing unit as raw materials.

The majority of the global consumption of Styrene is directed towards producing polystyrene.

In addition to the current high global demand for Styrene and Polystyrene, continuous growth in demand is expected in the future.

The Styrene project is expected to commence production in the 2nd Q of 2009.

 

 Fact Sheet

Production Capacities

Paraxylene

820,000 MTpA

  Benzene

370,000 MTpA

  Styrene

450,000 MTpA

Investment

KD 45 Million

QPIC equity investment from inception

Project Cost

KD 1.0 Billion

Praxylene production plant & Styrene plant

Ownership

20.0%

Qurain Petrochemical Industries Company

 

40.0%

Petrochemical Industries Company (KPC Subsidiary)

 

40.0%

Kuwait National Petroleum Company (KPC Subsidiary)

Structure

JV Companies

KARO owns 100% of the Paraxylene Production Co. and 57.5% of the Styrene Co.

 

 

 
   
 
  Copyright 2009, Qurain Petrochemical Industries

Qurain Petrochemical Industries Company
P.O.Box 29299 , Safat, Kuwait 13153, Email :info@qpic-kw.com

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