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Kuwait's PIC plans $10 billion projects in 4 years

from Bloomberg Businessweek

Petrochemical Industries Co. plans projects worth $10 billion over the next four years as the Kuwaiti company that canceled a venture with Dow Chemical Co. seeks to expand its operations at home and abroad. PIC plans to build a third mixed-feed olefins facility to make chemicals used in plastics production at a cost of "more or less" $5 billion, Chairwoman and Managing Director Maha Mulla Hussain said in an interview at the company’s headquarters south of Kuwait City. more

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