The $1,500 million olefins II facility, to be financed by a mixture of equity and commercial debt, will replicate the original Equate Petrochemical Companyplant. It will have nameplate capacity of 850,000 tonnes a year (t/y) of ethylene, 600,000 t/y of ethylene glycol and 400,000 t/y of polyethylene. About 130,000 t/y of the ethylene produced will be used as feedstock for a proposed styrene project, which will have PIC, Dow and Kuwaiti private sector investors as its shareholders.
This facility will also take 350,000 t/y of benzene from an aromatics project, which is being developed by PIC and the Kuwaiti private sector, without Dow.
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