28 February 2013 16:14 [Source: ICIS news]
LONDON (ICIS)--Qatar Petroleum (QP) and Shell have awarded the front-end engineering and design (FEED) contract for their cracker and petrochemical project in Qatar to Fluor, the two companies said on Thursday.
The producing companies signed a heads of agreement on their proposed petrochemical complex that is estimated to cost $6.4bn (€4.9bn), in December 2011.
Qatar Petroleum will hold an 80% stake in the Al-Karaana Petrochemical Complex project and Shell the remaining 20%.
Under consideration for the complex are a worldscale steam cracker, with feedstock coming from natural gas projects in Qatar; a 1.5m tonne/year mono ethylene glycol (MEG) plant using Shell’s OMEGA (Only MEG Advantaged) technology; a 300,000 tonne/year linear alpha olefins unit using the Shell Higher Olefins Process (SHOP); and a 250,000 tonne/year oxo alcohols unit, Shell said.
Foster Wheeler won the basic engineering contract for the MEG unit in September 2012.
The geographic name ‘Al-Karaana’ refers to a water well.
($1 = €0.76)
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