02 December 2008 20:38 [Source: ICIS news]
DUBAI (ICIS news)--Honam Petrochemical and Qatar Petroleum’s planned $2.6bn (€2.1bn) joint venture (JV) cracker in Mesaieed, Qatar, is in its final stages of designing and is scheduled to come on stream in the second half of 2012, a source from the South Korean company said on Tuesday.
“We have planned for it to come on stream in 2012 as we expect demand and economics to recover by then,” he said on the sidelines of the Gulf Petrochemicals and Chemicals Association (GPCA) forum.
“The project would also have a benzene, toluene and mixed xylene [MX] line,” he said, but did not reveal the capacity of the aromatics unit.
The project is a 70:30 JV of Qatar and Honam Petrochemical and was previously reported to include a 600,000 tonne/year styrene monomer (SM) unit, part of which would be used to make 220,000 tonnes/year of polystyrene (PS).
The GPCA forum runs through 4 December.
($1 = €0.79)
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