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QAPCO starts commissioning the Qatofine project

August 14/2009

August, 14 (arabianoilandgas.com) -- Qatar Petrochemical Company (Qapco) has started the commissioning of its Qatofine project last week and is expected to start up the commercial production by the end of October beginning of November.


The Qatofine project will have a capacity of 450,000 metric tonnes per annum (mtpa) of linear low density polyethylene (LLDPE), and will be using ethylene feedstock from Ras Laffan refinery.


The project is a joint venture between Qapco (63%), France’s Total (36%), while Qatar Petroleum controls (1%).


Qapco currently produces 800,000 mtpa of ethylene and 400,000 mtpa of low density polyethylene (LDPE).


Meanwhile, Qatar Islamic Bank (QIB) has extended $200 million of financing to Qatar Petrochemical Company (Qapco) for the new 300,000 mtpa low density polyethylene (LDPE) project, whose total cost is estimated at $550 million.

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