Qatar Petroleum has signed an agreement with Exxon Mobil to develop a multi-billion dollar petrochemical complex to supply Asian markets, Reuters has reported. Located in the industrial city of Ras Laffan, the complex includes 1.6 million tonnes per year (tpy) steam cracker and associated units including two 650 tpy polyethylene plants and a 700 tpy ethylene glycol facilities. The two firms gave no updated cost estimate for the plant, which was previously estimated to cost around $3bn.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.