MOSCOW (MRC) -- The Kuwait Styrene Co (TKSC) is in plans to shut a styrene monomer (SM) plant for a maintenance turnaround, as per Apic-online.
A Polymerupdate source in Kuwait informed that the plant is likely to be shut in December 2015. It is expected to remain off-stream for around 3-4 weeks.
Located at Shuaiba in Kuwait, the plant has a production capacity of 450,000 mt/year.
As MRC wrote before, initially TKSC scheduled the maintenance works at its SM plant in Shuaiba for October 2015.
We also remina that, in February 2015, TKSC announced realizing a net profit of USD 126 million for the fiscal year ending 31 December 2014, in comparison to net profits of USD 180 million during 2013.
We also remind that Dow will reconfigure and reduce its equity base in the MEGlobal and Greater EQUATE joint ventures, including The Kuwait Olefins Company (TKOC) and The Kuwait Styrene Company (TKSC), through a divestment of a portion of the company’s interests in these ventures.
As Kuwait’s first and only producer of Styrene Monomer, The Kuwait Styrene Company (TKSC) was established in 2004 as an international joint venture between Kuwait Aromatics Company (KARO) and The Dow Chemical Company (Dow). EQUATE Petrochemical Company is the single operator of Greater EQUATE, which includes The Kuwait Styrene Company (TKSC), Kuwait Paraxylene Production Company (KPPC) and The Kuwait Olefins Company (TKOC) under one fully integrated operational umbrella at Kuwait’s Shuaiba Industrial Area.
MRC