05 December 2011 03:22 [Source: ICIS news]
Correction: In the ICIS story headlined "Qatar Petroleum, Shell ink deal for $6.4bn petchem complex" dated 5 December 2011, please read in the fifth paragraph... to produce 300 kilotonnes/year... instead of... to produce 300,000 kilotonnes/year.... A corrected story follows.
SINGAPORE (ICIS)--Qatar Petroleum and Shell have signed a heads of agreement to develop a world-scale petrochemicals complex in ?xml:namespace>
The heads of agreement sets the scope and commercial principles for the development of the complex, which will include a world-scale steam cracker that will use feedstock from natural gas projects in
A monoethylene glycol (MEG) plant with up to 1.5m tonnes/year of capacity is also under consideration, according to the companies.
The new complex will be able to produce 300 kilotonnes/year of linear alpha olefins, they said.
“The complex will produce cost-competitive petrochemicals products to be marketed primarily into Asian growth markets,” the companies said.
The agreement between the two firms follows the conclusion of a joint feasibility study conducted by Qatar Petroleum and Shell, the statement added.
($1 = €0.75)
For more on Shell, visit ICIS company intelligence
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