Qatar’s Ras Laffan JV cracker to start up late February/March

10 February 2010 07:10  [Source: ICIS news]

QatarSINGAPORE (ICIS news)--Qatar Petrochemical Company (Qapco) is expected to start up a new joint venture 1.3m tonne/year ethane cracker at Ras Laffan by late February or early March, market sources said on Wednesday.

ICIS news had earlier reported that the facility was on track to come on stream by early February. However, the market sources said it was not unusual for the dates to be revised.

The start-up of the new cracker was expected to double ethylene exports from Qatar this year to 250,000-300,000 tonnes, depending on the operating rate of the facility, the sources said.

The country had exported around 150,000 tonnes of ethylene in 2009, they added.

The joint venture cracker project – also known as the Ras Laffan Olefins Company – is 53% owned by Q-CHEM. Q-CHEM is a joint venture between the US group Chevron Phillips Chemical and state-owned Qatar Petroleum.

The remaining 46% percent stake is held by Qatofin, which is jointly owned by Qapco, France’s Total Petrochemicals and Qatar Petroleum. Qatar Petroleum also owns the remaining 1% stake directly.

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By: Peh Soo Hwee
+65 6780 4359



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