Chemical manufacturer Chevron Phillips Chemical (CPChem) in collaboration with oil and gas company QatarEnergy on Monday, commenced the construction of $6 billion integrated polymers complex in Ras Laffan Industrial City in Qatar.
The Texas-based firm owns 30% and QatarEnergy owns 70% of the stakes of the project, said the firm. Additionally, CPChem will provide project management services overseeing the facility’s engineering, procurement and construction.
A month ago, the companies declared the joint venture to construct an integrated polymers complex in Ras Laffan Industrial City, while the project was initiated in June 2022. The company said the foundation stone was laid by His Highness Tamim bin Hamad Al Thani.
The 435-acre project site includes an ethane cracker plant with a capacity of 2,080 KTA (kilo tonnes per annum) of ethylene said CPChem. Additionally, the site includes two high-density polyethylene derivative units with a total capacity of 1,680 KTA as well as equipped with energy-saving technology which will help in reducing greenhouse gas emissions.
The plastic-producing firm said the polyethylene units will use its MarTech loop slurry process to produce high-density polyethylene, to export the products from the State of Qatar.
Ethane crackers are plants where the process of transforming, a natural component, ethane into plastic products. The plant separates ethane from natural gas to produce ethylene, a raw material for making plastics.
In late January, QatarEnergy signed a 15-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with Texas-based peer Excelerate Energy, where Excelerate agreed to purchase about 1 million tonnes per annum (MTPA) of LNG from QatarEnergy and deliver to floating storage and regasification units in Bangladesh.
To read more on Energy, head to the link.
