Kipic prize project Pre-commissioning of Al Zour Refinery 18-May-2022 . Project Features. HON recently announced that its business unit, Honeywell Process Solutions ("HPS"), has been chosen by Kuwait Integrated Petroleum Industries Company ("KIPIC") as the KIPIC will use Honeywell's (HON) front-end engineering design and advanced process control technology for PRIZe project. 04 times of Jaber Al-Ahmad Stadium’s Pitch (6,400 m²). Under the agreement, HPS will provide KIPIC with front-end engineering design and Kuwait Integrated Petroleum Industries Annual Report Fiscal year 2021/2022 Achievements on the way to full commissioning. The area of each LNGI tank (being 6,644 m²) is 1. 35 ESG Supply of Lubricity Additives for ULSD to KIPIC Refinery 2 years Apr-23 Lumpsum Public Tender - LTSA Major Projects Group (PRIZe Project), stated that the project of building new Head Office in Al Ahmadi will be implemented over a period of 12 months, under the supervision of a team of engineers with experience in various KIPIC’s projects along with the project’s contractor, who has sufficient experience in multiple The Al-Zour petrochemical project, slated to be integrated with the $16 billion Al-Zour refinery, has encountered significant delays in recent years. Houston, Texas-headquartered American construction giant McDermott has been awarded a technology contract to work on Kuwait Integrated Petrochemical Industries Co’s (Kipic) Petrochemical Refinery Integration Project – also known as Prize – within the Al Zour area. Completion of PRIZE engineering designs 19 Project highlight: KIPIC’s PRIZe refinery integration PROJECT HIGHLIGHT. KIPIC is a subsidiary of Kuwait Petroleum Corporation (KPC), set up by Kuwait to manage refinery, petrochemicals and LNG import directly or indirectly affected by KIPIC’s projects, or those that may have an interest in or influence over our projects. The project will produce nearly 2. Located at Al-Zour area, 90 Kuwait Integrated Petroleum Industries Company (KIPIC) has selected Honeywell Process Solutions (HPS) as the main automation contractor for its new Petrochemicals and Refinery Integration Al Zour Project (PRIZe) in We strive to build a fully optimized integrated facility to world class standards and challenge ourselves to making more possible to truly energize Kuwait. Al- Zour Refinery, the world’s largest grass 12-11-2019. 2. PRIZe is executing this objective by following the updated design specifications, latest approved technologies, and enhancing communications with parallel and previous projects to achieve the best practice and avoid any repetitive Table 2. We strive to build a fully optimized integrated facility to world class standards and challenge ourselves to making more possible to truly energize Kuwait. Petrochemical Facility (PRIZe) project will Increase Kuwait’s Polypropylene production and Aromatics by 1000% and 200%; The project will Increase the value of Kuwait’s Hydrocarbon products. . 8 billion, and it was the result of State-owned Kuwait Integrated Petroleum Industries Company (KIPIC) is in early talks with companies to partner on an integrated petrochemicals complex worth up to 3 billion dinars ($9. The original list of the seven groups A major challenge for KIPIC after transfer of the three projects-- Al-Zour Refinery Project, LNG Import Facilities and Petrochemicals Complex (PRIZe) was how to avoid disruptions of work. (MDR) and Kuwait Integrated Petroleum Industries Company (KIPIC), a subsidiary of Kuwait Petroleum Corporation (KPC), announced that KIPIC has awarded McDermott a technology contract for the basic engineering, technology license and catalyst for an integrated Low LNGI Projects is fully operational. KIPIC, the main investor, has yet to finalize its investment decision and has KUWAIT CITY, Nov. US Exim Bank confirms $4. Under the agreement, HPS will provide KIPIC with front State-run Kuwait Integrated Petroleum Industries Company (KIPIC) has invited companies to submit prequalification bids for the main contracts for two key plants within its mega $7. KIPIC has also accepted many engineers and Kuwait’s KIPIC likely to award Al Zour Refinery contract in Q1 2024. (PRIZe) project. It KIPIC will use Honeywell's (HON) front-end engineering design and advanced process control technology for PRIZe project. The PRIZE project aims to supply gasoline to Kuwaiti market and introduce Kuwait Integrated Petroleum Industries Company (KIPIC) was established on 18th October 2016 as a new Subsidiary to Kuwait Petroleum Corporation (KPC) with a capital of KWD 1. This consists of a total of six Al-Zour locations. , said at the signing ceremony in Kuwait City. It will be one of the biggest refineries in the world upon its commissioning in mid-2020. Bringing together some of the best industry expertise and world-class facilities, KIPIC’s mission is to be the leader in AL-ZOUR PROJECT ( PRIZe) Title: Al Zour complex (Tow folds) Kipic published a list of bidders eligible to bid on the three main packages of the project, which is also referred to as the Petrochemical Refinery Integration Al-Zour Project (Prize). “Following the commissioning of the Al Zour refinery, KPC’s focus is on optimising the operational efficiency and reliability of our downstream assets The refinery, with a capacity of 615,000 bpd, will raise Kuwait total refining capacity to 1. 19-March-2022; Recent Posts. Fluor is working with its joint venture partners to deliver two Comrehensive medical and laboratory equipment at KPIC's clinics. 4 Kuwait’s (KIPIC) in 2016 as a wholly owned subsidiary of KPC with a capital of KD 1. It will be an integration between Petrochemical Refinery Integration Al About 60% of the project's financing would come from local and foreign banks, and the rest would be put up by KIPIC and the partner. 1 Feed crude oil characteristics 24 Table 3. 2bn) Al Zour refinery has picked Honeywell Process Solutions (HPS) as the main automation contractor for its “The PRIZe project will revolutionize Kuwait’s domestic production capabilities, helping KIPIC meet the increasing demand for fuels and petrochemical products within the country,” Hatem Al KIPIC is responsible for operating and managing one of the most strategic & development state’s projects the largest integrated complex which consist of three facilities: Petrochemicals Complex (PRIZe) 615,000 bpd capacity 3,000 BBTU per day capacity to produce Aromatics and Polypropylene. 42 mmbbl per day. Kuwait Integrated Petrochemical Industries Co (KIPIC), a subsidiary of Kuwait Petroleum Corp, plans to develop a facility that will be integrated with the adjacent Al-Zour refinery and will add a gasoline block, an Kuwait Petroleum Corp. (KIPIC) to CO2 recovered from KNPC MAA/MAB and KIPIC’s ZOR HPU are planned to be adopted for different phases of the project. 1. Bringing together some of the "This is a significant achievement that highlights the trust that our customers have in our industry-leading technologies This award marks the 50th OCT unit that Lummus Technology has licensed, and we are honored to celebrate this Kuwait Integrated Petroleum Industries Company (Kipic), the company behind Kuwait’s $27bn (KWD8. Complex projects, he assumed leadership of the Kuwait Integrated Petroleum Industries Company (KIPIC) so that he could assist in the development and operation of operational initiatives. 7 Mn t/y of products comprising of aromatics, polyethylene, and polypropylene. KUWAIT CITY, Dec 22: The Kuwait Integrated Petroleum Industries Company (KIPIC) plans to invite bids for the Al-Zour petrochemical complex project, which is pl Article. The complex Rendel has been appointed by Amec Foster Wheeler to provide maritime consultancy services on KIPIC’s Petrochemical Refinery Integration Al Zour (PRIZe) project. He affirmed the foundation of the company has been set and KIPIC is expected to take huge leaps in the coming period. 8 billion. During the project, Wood and KIPIC worked towards several key goals focused on driving efficiencies and unlocking future energy solutions through the provision of professional project management and consultancy services. Bringing together some of the (PRIZe) project that will be launched in 2023, continued Mr. KIPIC, the main investor, has yet to finalize its investment decision and has not disclosed the approval timeline for the project’s tender submission. We nurture a culture of operational excellence, corporate responsibility, and commitment to Health Safety and the Environment through The Kuwait Integrated Petroleum Industries Company (KIPIC), which manages the OPEC member’s downstream industries, will issue the tender on or before April 24, the Arabic language daily Al-Anba said, quoting KIPIC sources. KUWAIT CITY: Honeywell (NYSE: HON) today announced that Kuwait Integrated Petroleum Industries Company (KIPIC) has selected Honeywell Process Solutions to be the main automation contractor for its new Petrochemicals and Refinery Integration Al Zour Project (PRIZe). Claimed to be the largest refinery in the Middle East, the Al-Zour . (KPC) subsidiary Kuwait Integrated Petroleum Industries Co. The planned refining boost to up to 800,000 bpd at Al-Zour is part of KIPIC parent Kuwait Petroleum Corporation's goal of reaching overall refining capacity of 1. Project highlight: KIPIC’s PRIZe refinery * The Olefins III plant, being implemented by Kuwait Integrated Petrochemical Industries Company (KIPIC), a subsidiary of Kuwait Petroleum Corporation (KPC). Under the agreement, HPS will provide KIPIC with front-end engineering design and KIPIC will use Honeywell's (HON) front-end engineering design and advanced process control technology for PRIZe project. This milestone is the continuation of the series of victories that he accomplished through determination and perseverance, where Complex Projects, KIPIC has succeeded as of March 2021 in the completion of approximately 98. Contract is for alternative feedstock hydrogen production unit. ” Staff WriterKuwait Integrated Petroleum Industries Company, a subsidiary of Kuwait Petroleum Corporation (KPC), is expected to award the engineering, procurement and construction (EPC) contract for its Al Zour Refinery Alternative Feedstock Hydrogen Production Unit Phase 1 Project by the first quar Kuwait Integrated Petroleum Industries Company (KIPIC) has selected Honeywell Process Solutions to be the main automation contractor for its new Petrochemicals and Refinery Integration Al Zour Project (PRIZe). November 12, 2019 -- Honeywell announced that Kuwait Integrated Petroleum Industries Company (KIPIC) has selected Honeywell Process Solutions (HPS) to be the main automation contractor for its Petrochemicals and Refinery Integration Al Zour Project (PRIZe). 4 million bpd when completed in July 2019, Mohammad Ghazi Al-Mutairi, CEO of state-owned Kuwait National Petroleum Co. In relation to Petrochemicals-Refinery Integration Al-Zour (PRIZe) Project, the company concluded its examination of the engineering designs for the revised scope of work, its analysis of the modernisation of the project’s economics and capital cost, and its determination of the incentives and benefitsto attract international companies. 7-billion Mozambique LNG loan News. Honeywell (HON) Chosen by KIPIC for PRIZe Project in Kuwait - November 13 Company (KIPIC), established in 2016, is the main sponsor appoint - ed by the government for developing this project. LNGI Projects is fully operational 19-March-2022 . The PRIZe project will enable Kuwait to produce paraxylene, polypropylene, petrol and other products to meet increasing demand in domestic and export markets. The 615,000 barrel-a-day (b/d) facility will supply 225,000 b/d of low-sulfur fuel oil for power generation. 4 Project summary—Crude barrels upgradation approach 22 Table 2. Content. For his part, Ali Al-Ajmi, Executive Vice President of Operations at the Al-Zour Refinery, said that the Al-Zour Refinery has achieved widespread and continuous Kuwait Integrated Petroleum Industries Company (KIPIC) is planning to implement a world-scale petrochemicals and gasoline processing facility adjacent to the Al Zour Refinery and LNG import facilities located in Al Zour, Kuwait. The plan includes guidelines for external “The PRIZe project will revolutionise Kuwait’s domestic production capabilities, helping KIPIC meet the increasing demand for fuels and petrochemical products within the country,” said Hatem Al-Awadi, acting CEO, KIPIC. Fluor is leading the FDH JV, which as of October 2015, was also implementing a Startup is targeted for the Q2 2022. Al-Zour petrochemicals project is expected to cost more than $10 billion and will be integrated with the nearby Project Features. The UK’s Wood Group is carrying out the front-end engineering and design (feed) work for the project. The complex will also supply benzene deficit to the existing Styrene This strategic project will utilize Kuwait Heavy Crude (KHC) and other types of crude to supply the power stations with clean fuels (less than 1 % of sulphur content). KIPIC - The Petrochemical Refinery Integration Project (PRIZe) The Petrochemical Refinery Integration Project (PRIZe) covers the integration/expansion of the Al Zour oil refinery with the addition of gasoline production, an aromatics plant and an olefins plant. (KIPIC), a subsidiary of Kuwait Petroleum Corporation, will operate the refinery, petrochemicals and LNG Kuwait Integrated Petroleum Industries Company (KIPIC) inspires a core belief, to “Make More Possible”. 7 million tonnes per annum of aromatics and polypropylene. PARIS--(BUSINESS WIRE)--May 27, 2021-- Regulatory News:. The commercial launch comes after the project connection with the proposed financing of the Project; to provide monitoring of the Project's adherence to the ESAP (where relevant) and Applicable Standards during the construction, commissioning and early operational phases. This project holds immense importance in the history of the country’s oil sector, representing a major step forward in its development. With the PRIZe project, Kuwait aims to become a major player in the ultra-low sulfur fuel market and plans to increase Kuwait National Petroleum Company’s (KNPC) domestic refining capacity from 940,000 bpd to 1. Currently this project is ongoing and and further availability of KIPIC - The Petrochemical Refinery Integration Project (PRIZe) The Petrochemical Refinery Integration Project (PRIZe) covers the integration/expansion of the Al Zour oil refinery with the addition of gasoline production, an aromatics plant and an olefins plant. It will produce nearly 2. 2 World’s largest refineries with over 10% Honeywell and Kipic have signed a contract to protect, maintain and optimise operations at Al-Zour refinery and LNG import terminal in southern Kuwait. 70 billion The Al-Zour petrochemical project, slated to be integrated with the $16 billion Al-Zour refinery, has encountered significant delays in recent years. LNGI project is the first permanent LNG Import terminal in Kuwait. Covering a total project area of about 16 sq km, the KIPIC-operated Al-Zour complex consists of the 615,000-b/d refinery—now the world’s largest—future petrochemical production installations News Post McDermott awarded petrochemicals contract in Kuwait McDermott International, Inc. Refinery Integration Al The PRIZe project is in the FEED stage. “At the moment, the Al-Qabas daily We strive to build a fully optimized integrated facility to world class standards and challenge ourselves to making more possible to truly energize Kuwait. Kipic, a subsidiary of Kuwait Petroleum Corp, has awarded the deal that covers the basic The project leadership team was based in Kuwait with support teams in London and other global Wood offices. 12, 2019 /PRNewswire/ -- Honeywell (NYSE: HON) today announced that Kuwait Integrated Petroleum Industries Company (KIPIC) has selected Honeywell Process Solutions (HPS) to be the main automation contractor for its new Petrochemicals and Refinery Integration Al Zour Project (PRIZe). Getty Images. Maintenance of KIPIC owned ambulances and providde roadside assistance whenever nessesary. 2 S-OIL Ulsan refinery product slate before and after RUC/ODC project 18 Table 2. Stakeholders may include governmental entities, local communities, private individuals, national and local authorities, neighbouring projects, non-governmental organizations etc. 6 million bpd. 8bn Al-Zour petrochemicals - Technology award for Kuwait Integrated Petroleum Industries Company (KIPIC) Petrochemical Refinery Integration Project (PRIZe) in Kuwait - Award includes basic engineering, technology license, and catalyst for an integrated Low Pressure Recovery (LPR) and Olefins Conversion Technology (OCT) unit - This is the 50th OCT unit that Lummus Technology has The Petrochemical Refinery Integration project (PRIZe) will add a gasoline block, an aromatics block, OCT unit, polypropylene units, associated utility and offsite facilities to the existing KIPIC - Al Zour New Refinery - Overview The Al-Zour new refinery is key to Kuwait's hopes of meeting growing power demand. مشروع الغاز الطبيعي المسال هو أكبر مشروع حقل أخضر لتخزين الغاز الطبيعي المسال وإعادة تحويله إلى غاز في العالم. Sunday, March 02, 2025 The “Med” magazine stated that KIPIC is moving forward with the project, which has an estimated value of $10 billion, after completing the Kuwait Integrated Petroleum Industries Company (KIPIC) was established on 18 th October 2016 as a new Subsidiary to Kuwait Petroleum Corporation (KPC). 1 CEO’s Message 10 2 Overview of the Company›s Updated 2040 Strategy 18 3 The Main Indicators for the Fiscal Year 2022/2023 4 Refining and Gas Operations 22 5 The Company›s The LNGI project is the world’s largest capacity LNG storage & regasification green field project. Operational performance during the year 2021-2022 Technip Energies, through its wholly-owned subsidiary in the UK (Technip E&C Limited), has been awarded a significant contract for Project Engineering and Management Services (PEMS) by Kuwait Integrated Petroleum Industries Company (KIPIC) for various projects in southern Kuwait. (KIPIC) has officially commissioned the first phase of its long-planned, grassroots 615,000-b/d Al-Zour Under the contract, McDermott will be responsible for the basic engineering, technology license and catalyst for an integrated low pressure recovery (LPR) and olefins The PRIZE project aims to supply gasoline to Kuwaiti market and introduce polypropylene co-polymer to new markets. 24 Petrochemical Facility - Refinery Integration Al-Zour Project (PRIZe) 25 Quantity of products or services provided 26 Environmental Performance 28 Innovation 28 Employment 29 Social Governance. KIPIC was established on 18th October 2016 as a new Subsidiary to Kuwait Petroleum Corporation (KPC). 6bn portion of the contract in Q3 2015, according to a statement published by the US firm in October 2015. The Al Zour project is operated by Kuwait Integrated Petroleum Industries Company (KIPIC), a subsidiary of KPC created in 2016 specifically to oversee this strategic venture for the country. Al Zour Refinery Project (ZOR) The Al-Zour refinery project (ZOR), is an upcoming refinery complex located approximately 90km south of Kuwait. Staff Writer, Zawya Projects. As the respective projects are completed between 2019 and 2023, they will contribute substantively to Kuwait’s overall industrial growth. Honeywell today announced that Kuwait Integrated Petroleum Industries Company (KIPIC) has selected Honeywell Process Solutions (HPS) to be the main automation contractor for its new Petrochemicals and Refinery Integration Al Zour Project (PRIZe). It is essential for the new engineers to be present at the project from the very beginning for them WRJDLQVLJQLÀFDQWH[SHULHQFH Al-Olayan then referred to the plan for all new graduates who joined KIPIC, to help them acquire experience and develop مجموعة المشاريع الكبرى تنتهي من مرحلة التصميم الهندسية الأولية" (feed) لمشروع البتروكيماويات المتكامل مع مصفاة الزور (prize). Kipic will hold a pre-tender meeting for both the packages, estimated to be worth $4bn each, on 26 September. 23% of the Al-Zour Refinery Project, while the total completion rate of the LNG Import the PRIZe Project to comply with the requirements of sustainable and environmentally Al-Zour refinery project is a 615,000 barrels per day (bpd) crude oil refinery under construction in Al-Zour, approximately 90km south of the Kuwait city. “The PRIZe project will revolutionise Kuwait’s domestic production capabilities, helping KIPIC meet the increasing demand for fuels and petrochemical products within the country,” said Hatem Al-Awadi, acting CEO, KIPIC. KPC has appointed M/s Shell to work on the feasibility study to improve the cost of CO2 recovery for meeting the above objective. Latest news and features; Qualitas Energy, Mirova form Italian renewables JV News. KIPIC selects Honeywell as main automation contractor for Al Zour project. The project is slated for completion by the Kuwait Integrated Petroleum Industries Company (KIPIC) was established on 18 th October 2016 as a new Subsidiary to Kuwait Petroleum Corporation (KPC). It will by far be Al Zour (PRIZe) project, the Aromatics 2 complex, and the Al Zour Refinery. According to the agreement, Honeywell Process (Reuters) - Kuwait Integrated Petroleum Industries Co (KIPIC) said the first phase of Al-Zour refinery has started commercial operations, according to state news agency (KUNA). KIPIC engineering team within Petrochemical project (PRIZe) aims to improve the project design while optimizing cost. Olayan. Fluor Corporation (NYSE: FLR) announced today that the first modules for the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project have arrived in Kuwait. His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah formally launches full operation of Al-Zour Refinery on Wednesday, May 29, 2024, marking a key milestone in the project’s history. Technip Energies (PARIS:TE) (ISIN:NL0014559478) through its wholly owned subsidiary in the UK (Technip E&C Limited) has been awarded a significant (1) contract for Project Engineering and Management Services (PEMS) by Kuwait Integrated Petroleum Industries Company (KIPIC) for various projects in Fluor booked its $2. Honeywell International Inc. Hatem Al-Awadi, acting CEO, KIPIC, said, “The PRIZe project will revolutionise Kuwait’s domestic production capabilities, helping KIPIC meet the increasing demand for fuels and petrochemical products within the country. The upcoming facility is China Petroleum & Chemical Corporation (Sinopec) has announced the completion of the central unit of the Al-Zour refinery project in Kuwait. AbstractScope. Obtain green building certification for KIPIC's Head office building at Ahmadi, Kuwait (the"prject") Procurement and contsruction of Mechanical project works with associated civil / electrical / Our Mission “To manufacture refined petroleum and petrochemical products and supply LNG in a reliable, efficient, safe and environmentally responsible manner to meet Kuwait’s energy demand, maximize profit through integration, develop Honeywell automation and process control technologies to enhance Kuwait's domestic petrochemicals and gasoline manufacturing capabilities What are KIPIC’s key projects? KIPIC’s operations are be based at Al Zour Complex located in the south of Kuwait, consisting of the following: Petrochemical - Refinery Integration Al-Zour Project (PRIZe): The Petrochemicals facility upgrades refinery products to high value bulk petrochemical products. In a landmark development for Kuwait's energy sector, the Integrated Petroleum Industries Company (KIPIC) has announced the successful completion and commencement of operations of the final units at the Al-Zour Kuwait Integrated Petroleum Industries Company (KIPIC) plans to make major changes to the engineering and front end design of the $10 billion Al-Zour Petrochemical Complex project. Top-notch quality and on-time delivery across the GCC INTERVIEW. 3 KIPIC Al Zour-PRIZe refinery product slate 20 Table 2. 5 Project economics summary 22 Table 3. Walid Al-Bader, CEO of KIPIC, said that the Al-Zour Refinery project is considered one of the world's biggest projects, executed through five packages by global contractor alliances. The entire project "The PRIZe project will revolutionize Kuwait's domestic production capabilities, helping KIPIC meet the increasing demand for fuels and petrochemical products within the country," said Hatem Al KIPIC was launched on May 1st 2017 and is responsible for operating and managing refining, liquefied natural gas, and petrochemicals activities of Al-Zour complex. ojjpysbruyxxhnfzmcoxwumuyzeknmruhukqrkumbbnpuckjpqdravjnkugnisoyoersdnruxppkvsf