06 December 2006 12:04 [Source: ICIS news]
TOKYO (ICIS news)--Japanese conglomerate Marubeni Corp is considering building a plant to produce propylene in an oil-rich country as it expects supply to be tight, a company spokesman said on Wednesday.
He said the company was yet to decide on the finer details such as the location and capacity, adding that the proposed unit could be downstream of its refinery joint venture project in ?xml:namespace>
Marubeni, Idemitsu Kosan, Cosmo Oil and Mitsui & Co reached an agreement in late November with Qatar Petroleum on an equity participation of 29% in Laffan Refinery Co, Marubeni said, for which the company has a 4.5% stake.
Laffan was constructing a condensate refinery with a capacity of 146,000 bbd/day in
The refinery plans to produce Naphtha, Kero/Jet, Gas Oil and LPG by refining condensate produced at Qatar North Field, the company added.
The spokesman said that even though there was no specific plan for the refinery to produce petrochemicals, there was a possibility that the company may venture into the production of propylene or other petrochemicals in the future as the refinery will produce naphtha.
However, the spokesman added that the project would not be with the current joint venture.
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