09 December 2009 16:21 [Source: ICIS news]
DUBAI (ICIS news)--Shell hopes to start a chemicals project in Qatar sometime in the future as it looks at an array of new investment avenues to explore with partner Qatar Petroleum, a company executive said on Wednesday.
The two companies have a gas-to-liquid (GTL) project called Pearl GTL at ?xml:namespace>
“We would love to do a joint chemicals project as well, which we [have been] discussing with them for quite some time,” said Ben van Beurden, Shell Chemicals' executive vice president, in an interview on the sidelines of the 4th Gulf Petrochemicals and Chemicals Association (GPCA) summit.
Shell and Qatar Petroleum signed a pact in 2007 to jointly pursue international projects throughout the energy value chain.
Among the projects currently being actively pursued is a refinery and petrochemical complex at Taizhou in
Meanwhile, Shell has plans to expand its chemicals operations in the
“In terms of concrete proposals that we are trying to make happen [in the
At any given time, he said, Shell has looked at a number of chemicals projects, knowing that not all the opportunities being evaluated would be pursued.
Shell has just backed out of a refinery-come-petrochemical complex project in
“At some point in time, we came to the conclusion that it does not fit into our strategy anymore,” said van Beurden.
“We invest very selectively into downstream, and for chemicals, the arrangement is that we do one project at a time,” he said.
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