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Plans are being drawn up for a new petrochemical complex to be called Olefins III, according to Mohammad al-Hasawi, deputy managing director for projects at the local Petroleum Industries Company (PIC). ‘We are in the initial planning stages for Olefins III,’ Al-Hasawi told the third MEED New Major Project Opportunities in Kuwait conference on 15 May. ‘The project will be carried out by the Dow Chemical Company/PIC joint venture.’