Qatar gets new petroleum plant
26 Jun 2001
Chevron Phillips Chemical and Qatar Petroleum of Qatar have signed a joint venture agreement for the development of a petrochemical company in the State of Qatar.
The petrochemical plant will be built in Ras Laffan, Qatar, and is scheduled for completion in 2006. The project involves the development of an ethylene cracker with the capacity to produce up to 1.2 million metric tons per year, a polyethylene plant capable of producing more than 750,000 metric tons per year, associated utilities and offsite facilities.
Ethane feedstock for the project will be sourced from Qatar's North Field, the world's largest non-associated gas field. The polyethylene technology will use Chevron Phillips Chemical Company's proprietary loop process technology.
The venture marks the second cooperation undertaken by the two companies in the State of Qatar. Qatar Chemical Company LTD (Q-Chem), joints venture between Qatar Petroleum and Chevron Phillips Chemical, is currently constructing a 500,000-metric-ton-per-year ethylene plant, a 450,000-metric-ton-per-year polyethylene plant and a 47,000-metric-ton-per-year hexene-1 plant in Messaieed, Qatar. This plant is on schedule for a third quarter 2002 start-up.
