Kuwait Petroleum Subsidiary Acquires 25% Stake in China’s Wanhua Chemical Group

Kuwait Petrochemical Industries makes its largest investment in China’s petrochemical industry.

According to a recent article in Arab Times, Kuwait Petrochemical Industries, a subsidiary of Kuwait’s state-owned oil company, has signed an agreement to acquire a 25% stake in Wanhua Chemical Group, one of China’s leading chemical manufacturers. The deal marks Kuwait’s largest investment in China’s petrochemical sector.

While the financial details of the transaction remain undisclosed, the acquisition will give Kuwait Petrochemical Industries ownership of several industrial units in Yantai, China. These units specialize in the production of key petrochemical products such as propylene oxide and acrylic acid.

This strategic investment is expected to help diversify Kuwait Petrochemical Industries’ high-value product portfolio, positioning the company to strengthen its footprint in the global petrochemical market.