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.
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