AFPM ’13: Muntajat in talks to distribute Qatar LLDPE, HDPE

24 March 2013 22:42  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--Muntajat, the newly formed Qatar distribution company already handling 68% of the country’s chemical, polymer and fertilizer output, is in talks with producers to eventually take over all marketing, senior executives said on Sunday.

“We are aiming for a flawless transition and polymers is in the future. By mid-year, we hope to be marketing all products,” said Robert Chouffot, executive director of strategy, planning and communications.

“For LLDPE (linear low density polyethylene) and HDPE (high density polyethylene), we are in the consultation process with Qatofin and the Q-Chems. Our objective is to market all products by mid-year,” he added.

He spoke on the sidelines of the International Petrochemical Conference (IPC), hosted by the American Fuel & Petrochemical Manufacturers (AFPM).

Qatar’s polyethylene (PE) capacity is around 2m tonnes/year and is sold to customers in Asia, Europe and north Africa, noted Chouffot.

Qatar Petrochemical Company (QAPCO) has already agreed to have Muntajat distribute its 800,000 tonnes/year of low density PE (LDPE) production, but actual distribution has yet to happen.

Qapco is 80% owned by Industries Qatar and 20% by France-based Total Petrochemicals.

Qatofin is a producer of LLDPE and is a joint venture among QAPCO (63%), Total Petrochemicals (36%) and Qatar Petroleum (1%).

Q-Chem produces HDPE and medium density PE and is owned by Qatar Petroleum (51%) and US-based Chevron Phillips Chemical (49%). Q-Chem 2 produces HDPE and has the same ownership as Q-Chem.

Muntajat was created in December 2012 by the government of Qatar to take over the sales and marketing functions of all its chemical, fertilizer and polymers activities.

“The government felt that the chemical industry of Qatar had reached maturity and must look at best practices. It also wanted producers to focus on better production,” said Yousef Jeham Al-Kuwari, executive director of marketing and sales of Muntajat.

The IPC continues through Tuesday.

By: Joseph Chang
+1 713 525 2653

AddThis Social Bookmark Button

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.

Printer Friendly

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