Kuwaiti chemical industry news

The agreement focuses on technical studies and exploration opportunities, aiming to enhance resource development and strengthen long-term collaboration.

The Priolo biorefinery will produce 500,000 tonnes of biofuels annually, aiming to cut greenhouse gas emissions by 65%. Completion is expected by 2028.

The joint venture will develop energy storage and terminal infrastructure in Duqm, supporting energy transition and economic diversification in Oman.

Net sales down 8% YoY. Volume stable. GAAP net income $124M. Cash flow improved. Cost reductions ongoing. Packaging & Specialty Plastics and Industrial Intermediates face pricing pressures.