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Article: KUWAIT: Construction start-up on planned $689,000,000 build-own-operate (BOO) anode plant is tentatively scheduled to begin by the end of April 2005, CONSOLIDATED CONTRACTORS INTERNATIONAL (CCC) [Greece] - Order #: 019505.
- Article from:
- WWP-Business Opportunities in Africa & the Middle East
- Article date:
- January 1, 2005
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PROJECT OVERVIEW:
An American/KuwaitI joint venture, operating under the name of GULF CARBON INDUSTRIES CO. (GCIC), is currently gearing-up to build a new carbon anode plant in Kuwait. The partners in the planned undertaking include AL-FADA TRADING & CONTRACTING CO. and US-based AMINCO RESOURCES which will hold a 30% stake in the venture while the remaining equity will be sold to Gulf investors.
In so doing, AL-FADA TRADING & CONTRACTING CO. recently signed an agreement with KUWAIT PETROLEUM CO. (KPC) for the supply of 380,000 tons per year (t/y) of calcined coke over a 20-year period or 510,000 t/y of green petroleum coke if calcined coke is not ...