Foster Wheeler Italiana
has been awarded an engineering, procurement and construction supervision contract by The Kuwait Olefins Company (TKOC) for a grassroots ethylene-glycol unit (EG2 Project) to be built at Shuaiba Industrial Area,
.
TKOC is a joint-venture company with the majority shareholders being Petrochemical Industries Company (PIC) a wholly owned subsidiary of Kuwait Petroleum Corporation, and Dow Europe Holding, a wholly owned subsidiary of The Dow Chemical Company.
The terms of the award were not disclosed and the contract will be included in Foster Wheeler's first-quarter 2006 bookings.
The new world-scale EG2 unit, with a total capacity of 600,000 metric tonnes per year, is part of TKOC's planned Olefins II ethylene and derivatives complex.
It will use Union Carbide's METEOR ethylene oxide/ethylene glycol process technology. It is scheduled to be completed by the second quarter of 2008.
Massive new Coventry campus targets 60GWh battery output
Where will all the raw materials come from for the manufacturing process? How will they be transported to the factory and what is going to be done with the various scrap and residues?