万华化学子公司获科威特石化战投

Group 1 - Wanhua Chemical Group announced that Kuwait Petrochemical Industries Company has invested $638 million in its subsidiary, Wanhua Chemical (Yantai) Petrochemical Co., acquiring a 25% stake [1] - Following the investment, Wanhua Petrochemical's registered capital increased from 2.979 billion yuan to 3.972 billion yuan, with Wanhua Chemical holding 75% and Kuwait Petrochemical holding 25% [1] - The partnership aims to enhance the security of raw material supply for Wanhua's petrochemical business, mitigate operational risks, accelerate internationalization, and support China's Belt and Road Initiative [1] Group 2 - Kuwait Petrochemical Industries Company is a subsidiary of Kuwait Petroleum Company, which is among the top ten oil producers globally, responsible for exploring, producing, and selling all hydrocarbon resources in Kuwait [2] - Kuwait Petroleum Company exports approximately 4.5 million tons of liquefied petroleum gas (LPG) annually and has an annual naphtha production of about 10 million tons, with operations across six continents [2] - Kuwait Petrochemical focuses on managing and expanding the petrochemical business of Kuwait Petroleum Company [2]