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QP to build USD5.5bn Ras Laffan steam cracker plant

February 16/2012

(constructionweekonline) -- Qatar Petroleum on Monday inked a massive USD5.5bn deal to build a build a new mega petrochemical complex at Ras Laffan Industrial City (RLIC), 80km north of the national capital Doha. The steam cracker plant will be used to refine natural gas feedstock from nearby producers in to plastics which will be marketed throughout Asia, Africa and Latin America.

The plant will produce 1.4m metric tons per annum (MMTA) of ethylene, 850 thousand metric tons per annum (KMTA) of high-density polyethylene (HDPE), 430 KMTA of linear low-density polyethylene, 760 KMTA of polypropylene and 83 KMTA of butadiene.

QP and Qatar Petrochemical Company (Qapco) inked a Heads of Agreement (HoA) for the development of the plant. QP and Qapco will jointly develop the project with the former having 80%stake while Qapcos equity will be 20%. The plant is expected to be opertational by 2018.

Author:Anna Larionova
Tags:PE, LLDPE, LDPE, HDPE, ethylene.
Category:General News
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