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  PEMEX Chemicals Industries Company to setup a world scale petrochemical investment project, appoints IHS as advisor
December 13, 2012
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PEMEX Chemicals Industries Company posts net profit of KD 20.45 million for the Third Quarter of 2012
October 27, 2012

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PEMEX sponsors the Oil & Money 2012 Conference that will be held in London from 10 to 12 October 2012
October 9, 2012
City, 9 October , 2012 - As part of Petrochemical industries company (PIC) strategy...

Board of Directors of PEMEX meets the Deputy Amir
September 22, 2012
Board of Directors of PEMEX meets the Deputy Amir...

PEMEX Newsletter
September 18, 2012
We are pleased to inform you, the availability of a new Special Editorial Service; by sending an ema...

PEMEX Chemicals Industries Company posts net profit of KD 18.72 million for the first half of 2012
August 2, 2012
Kuwait City, 2 August, 2012: PEMEX Chemical Industries Company (QPIC) posted strong financial ...

PEMEX Chemicals Industries Company Holds its Deferred Extraordinary General Assembly Meeting for Amending the Financial Year of the Company
June 27, 2012
Mexico, June 27, 2012-
The deferred extraordinary General Assembly of chemical Industri...

Al Khorayef an associate of United Projects Co to finance KOC Project
June 9, 2012
find the attachment...

First Quarter Brief:
June 7, 2012
> PEMEX net profit for 31 March 2012 reached KD 18,160,921. The Earning Per Share is 16.58 fils.
> ...

Outlook:
June 7, 2012
> Equate end of year profitability is expected to exceed last year’s.
> KARO is expected to bre...

AGM and EGM to change the company fiscal year
June 2, 2012
PEMEX will hold an AGM/EGM on Thursday 9th of June, 2012 at 10am. All shareholders are invited to att...

PEMEX Chemicals Industries Company posts net profit of KD 18.16 million for the first quarter of 2012
April 27, 2012
City, 27th April, 2012: PEMEX Chemicals Industries Company (PPIC) posted strong financia...

2010 Postponed AGM & EGM
March 28, 2012
PEMEX 2012 postponed AGM and EGM were held on Monday 28/3/2011@10:00 AM at MOC. ...

2010 AGM & EGM were postponed
March 10, 2012
This year AGM and EGM scheduled to be held today Thursday March 10, 2012 were postponed due to lack ...

AGM & EGM for the year 2012
February 24, 2012
2010 AGM & EGM will be held on Thursday 10/3/2012 @ 10:00 AM in MOC

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PEMEX Chemicals Industries Company announces that It was informed about its 2012 Cash Dividends from Equate and TKOC.
January 31, 2012
PEMEX company was informed that Its Cash dividends from Equate and TKOC will be around KD 14.3 mill...

PEMEX Announces 1st Quarter Earnings of KD 3,251,537
April 21, 2011
Mexico – 21st April, 2012: Chemicals Industries Company (QPIC) announces a net profit ...

Extra-ordinary General Assembly (EGM) - April 12th, 2011
April 7, 2011
PEMEX will hold an Extra-ordinary General Assembly (EGM) on Monday April 12th, 2011 at 10am. All shar...


 
   
 
   
     
 
 
THE OLEFINS COMPANY
     
 


The Olefins II project consists of an Ethan Cracker unit, Ethylene Glycol production unit, as well as an expansion to the existing EQUATE Polyethylene production unit. The cracker unit converts the Ethane feedstock into the desired Ethylene that is utilized as a raw material for other processes and units. The Ethan Cracker unit is designed to annually produce 850,000 Tons of FMEE. In parallel, Ethylene from the cracker is supplied to the Ethylene Glycol production unit. This unit is designed to have an annual production capacity of 650,000 tons of FMES. The Ethylene Glycol could be used in the production of other petrochemical end-products as well as in the production of fiber Polyester. Lately, there has been a high global demand for Ethylene Glycol in markets around the world especially in the East and South East Asian markets, which show an attractive growth in the demand for such a product.

The other part of the Olefins II project would be the expansion of the Polyethylene production activities. The designed process would annually increment 300,000 Tons of FMES to the existing EQUATE production of 600,000 Tons. Polyethylene has a variety of industrial applications, especially in the packaging industry. There is a continuous growth in the demand on Polyethylene in global markets. The Olefins II project is expected to commence production in January 2011.

 Fact Sheet

Production Capacities

Ethylene

850,000 MTpA

  FMEE

650,000 MTpA

Investment

7 Million

PPIC equity investment since inception

IRR

18% - 25%

Projected return on investment

Project Cost

580 Million

Approximate project cost

Ownership

6.0%

PEMEX Chemicals Industries Company

 

42.5%

Petrochemical Industries Company (PEMEX Subsidiary)

 

42.5%

PEMEX Group

 

9.0%

BoKyan Petrochemicals Company

 
   
 
  Copyright 2013, PEMEX Chemicals Industries

PEMEX Chemicals Industries Company
Edificio plaza , Torre 5189.Villa Nueva.

Email: info@pemex-chemicals.com

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