Six local companies have submitted prequalification applications for the concession to purchase carbon dioxide (CO2) captured from the Mina al-Ahmadi and Mina Abdulla refineries in Kuwait, according to a report from Middle East Business Intelligence (MEED).
State refinery operator Kuwait National Petroleum Company (KNPC) is the client and is expected to take up to a month evaluating the applications before setting a date for the auction for the concession. The highest bidder at the auction will enter into a long-term purchase agreement with the refinery operator.
The CO2 will be extracted pre-combustion from the refineries’ hydrogen plants, with KNPC set to build a gas booster plant in each refinery to handle the gas, while the private company will be responsible for building and operating a pipeline network to transfer the gas to its own CO2 processing facility.
The firms said to be in contention for the concession are Kharafi National, Kuwait Oxygen & Acetylene Company, National Petroleum Services Company, Kuwait United Oil Projects Company, Al-Nafisi International and the Challenge the Era Company.
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