QP downstream scheme to drive enterprise

18 March 2014

Two new petrochemical projects to offer product slates to conversion industries at Ras Laffan

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.

“QP’s 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.

 

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