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A consortium comprising South Korean builder SK Engineering & Construction Company (SKEC) and Italian builder Tecnimont will soon start construction work on a KD350.4 million ($1.2 billion) chemical plant for Petrochemical Industries Company (PIC).
The project, expected to complete in January 2009, calls for the setting up of an aromatics production plant in the Shuaiba industrial area 40 km south of Kuwait City.
The consortium is 45 per cent owned by SK and 55 per cent by Tecnimont.
The chemical plant is projected to have an annual capacity of 1.9 million tonnes of paraxylene, benzene and naphtha.
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