Rain Calcining Ltd (RCL) has decided to invest in a new Greenfield calciner project in Kuwait. The calciner is being developed and implemented by Petroleum Coke Industries Company (PCIC) in Kuwait in association with a group of Kuwaiti companies - AI-Mal and A H AI-Sagar - and also the companys USA-based foreign collaborator, Oxbow Carbon and Minerals Lie. Construction will begin in the third quarter of 2005 and will be completed in 16 months.
According to RCL officials, Kuwait has long been sought after by the calcining industry for expansion as it has access to exceptional quality raw material (green petroleum coke) and the fast expanding aluminium production in the region.
Kuwait Petroleum Corp will provide the entire raw material required for the calciner at an indexed price during the concession period. On completion, the Kuwait calciner will have a capacity of 3,50,000 tonne per annum. RCL will have an 11.5% equity stake in PCIC. The company, along with Oxbow, will have the exclusive operating and maintenance contract and also the marketing contract for the finished product, calcined petroleum coke.