24 December 2010 16:47 [Source: ICIS news]
SHANGHAI (ICIS)--Qatar Petrochemical Company (Qapco) has built three new bonded warehouses in ?xml:namespace>
The three new bonded warehouses are in
"We will expand the capacity of our LDPE unit in Mesaieed [
"We plan to ship product by December 2011," he added.
Qapco is also building an LLDPE plant at the same site with a capacity of 450,000 tonne/year, which is also scheduled to be completed next year.
The company's LDPE products are sold to about 4,500 customers in 85 countries, said Al-Mulla.
While Qapco benefits from cost-advantaged, ethane-based feedstock in
Prices of many petrochemical and polymer products in
However, despite higher product prices, driven partly by higher crude oil prices, the weak US dollar in 2010 lessened the profit impact, he added.
In 2011, Qapco expects steady but strong overall product pricing.
"We expect 2011 to be a more stable year for prices - no big declines or big gains. The industry expects a good, solid year for petrochemicals and polymers," said Al-Mulla.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections