The Canada Kuwait Petrochemical Corporation (CKPC) joint venture of Kuwait’s state petrochemicals firm Petrochemical Industries Company (PIC) and Canada’s Pembina Pipeline Corporation has signed a preliminary agreement with US contractor Jacobs Engineering for front end engineering design (FEED) of a proposed polypropylene project in Alberta.
PIC chief executive Muhammad al-Farhoud told state news agency Kuna that the FEED work is scheduled for completion in the fourth quarter of 2018, after which the detailed cost estimate produced during the FEED process will enable the partners to take a final investment decision (FID). Pembina expects the cost for the project to be in the range Can$3.8-4.2bn ($3.0-3.3bn). (CONTINUED - 888 WORDS)
