Called Kuwait Calciner Group, the selected group consists of Al-Mal, AH Sagar & Brothers, also local, The International Projects Development Company, Rain Calcining of India, FFE Minerals Indiaand the US' Aimcor. It will fully own a new project company, which will implement the scheme on a build-own-operate-transfer (BOOT) basis. The concession is for 25 years.
The main product of the plant will be 300,000 tonnes a year of calcined coke, along with gypsum and steam. The calcined coke is targeted at regional aluminium producers while the gypsum will be sold locally. Petroleum coke feedstock is to be sourced from the Mina Abdullah refinery.
Svedala Industriesof the US is the technology provider and the local Global Investment Houseis financial adviser. Kuwait Santa Fe for Engineering & Petroleum Products Company, acting on behalf of Kuwait Petroleum Corporation, will oversee formation of the new project company (MEED 12:3:04).
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