Qatar Petroleum (QP) plans to push the product slate of its two planned petrochemicals projects further downstream in a bid to further diversify the economy of the Gulf peninsula state.
Speaking at the MEED Qatar Projects 2014 conference, Mohamed Nasser al-Hajri, director of Downstream Ventures for QP, said the two schemes planned for Ras Laffan would offer their respective off-takes to the local market.
QPs vision is to add long-term value to our natural resources, Al-Hajri said. We hope that our new projects will open up many new markets in Qatar for downstream converters.
QP is planning two new world-scale petrochemicals plants worth more than $13bn at Ras Laffan Industrial City (RLIC). The two plants will produce a combined 2.5 million tonnes a year (t/y) of ethylene, as well as several polyolefins, linear alpha olefins, monoethylene glycol and oxo-alcohols.
Both projects are at the front-end engineering and design (feed) phases and are expected to become operational by 2018-19.
RLIC is developing an industrial cluster that will focus on conversion industries producing plastics, cleaning products, solvents and adhesives.