Coke plant takes shape

12 November 2004
A tender has been issued by the newly incorporated Petroleum Coke Industries Company (PCIC)for the main construction package on its proposed $135 million coke calcination plant in the Shuaiba industrial area. An award is expected by the end of the first quarter of 2005, with a view to commissioning the facility by January 2007.

The main product of the plant will be 300,000 tonnes a year of calcined coke, along with flyash. PCIC is in negotiations with regional aluminium producers over long-term offtake agreements. Green coke feedstock for the plant will be sourced from the Mina Abdullah and Mina al-Ahmadi refineries operated by Kuwait National Petroleum Company (KNPC).

The facility will be financed on a debt/equity basis, with PCIC making full use of financing extended by the Industrial Bank of Kuwait. PCIC was formed by a group led by the local Al-Mal Kuwaiti Company which won the 25-year build-own-operate-transfer (BOOT) concession for the plant in April. The other members of the team include the local Al-Sagar Group, Rain Calciningof India and the US' Oxbow Carbon. The local Global Investment Houseis financial adviser (MEED 9:4:04).

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications