14 February 2012 10:58 [Source: ICIS news]
The new complex will include a 1.4m tonne/year steam cracker that will obtain feedstock from natural gas plants at the site, as well as downstream units, the source said.
The project is expected to produce 850,000 tonnes/year of high-density polyethylene (HDPE), 430,000 tonnes/year of linear low density polyethylene (LLDPE), 760,000 tonnes/year of polypropylene (PP) and 83,000 tonnes/year of butadiene.
"The complex will be built at an estimated total investment cost of $5.5bn (€4.2bn) and is scheduled for completion in 2018,” the source said.
Qatar Petroleum will have 80% equity interest in the project, with QAPCO taking up the remaining 20% stake, the companies said in a joint statement issued on Monday.
Output from the new complex will be sold primarily in high-growth markets in Asia, Africa and
“The petrochemical complex will provide
QAPCO is 80% owned by Industries Qatar, with the remaining 20% held by
($1 = €0.76)
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