Bids studied for coke calcination project

12 March 2004
Bids are under evaluation from about five groups of local and international companies for the concession to set up a proposed calcined coke plant at the Shuaiba industrial area (MEED 6:6:03).

The plant will take 20 months to build and will have capacity to produce 300,000 tonnes a year of calcined coke as its main product, along with gypsum and steam. Petroleum coke, the feedstock for the proposed plant, will be sourced from the Mina Abdullah refinery.

The calcined coke is targeted for export to regional aluminium producers, while the gypsum will be used locally in the construction industry. Total project costs are estimated to be at least KD 31.5 million ($105 million).

The successful bidder will take a 100 per cent interest in a new project company, which will implement the scheme on a build-own-operate-transfer basis. The concession will be for 25 years.

The US' Svedala Industriesis the technology provider for the proposed coke calcination plant. The local Global Investment Houseis acting as financial adviser for the scheme. Kuwait Santa Fe for Engineering & Petroleum Products Company, acting on behalf of Kuwait Petroleum Corporation, will oversee the formation of a new project company to set up, own and operate the proposed plant.

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