13 June 2013 09:07 [Source: ICIS news]
DUBAI (ICIS)--Qatar Petroleum (QP) has signed a technology license contract with Qatar Petrochemical Co (Qapco) for the upcoming multibillion-dollar Al Sejeel Petrochemical Complex at Ras Laffan Industrial City, the company said late on Wednesday.
Early last year, QP and Qapco signed the Heads of Agreement to jointly develop the complex, where QP will hold an 80% interest.
The Al Sejeel project is scheduled to be completed in 2018 and will feature a mixed-feed steam cracker, along with the original mixed feedstock of ethane, butane, and naphtha, thus allowing extra flexibility and diversity in terms of products, QP said.
“These technology agreements will help Al Sejeel plants to produce 2.2m tonnes/year of polymers, including PE and PP resins,” Mohammed bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry, said.
“We firmly believe that development of the downstream petrochemical sector will create numerous opportunities for the production of new intermediate and derivative products,” he added.
The Al Sejeel project is a part of Qatar’s mega-expansion scheme for the petrochemicals sector which attempts to diversify and push growth for the Qatari economy. Qatar is planning to raise its petrochemical output to 23m tonnes/year by 2020.
The petrochemical complex will produce ethylene, high density PE (HDPE), linear low density PE (LLDPE), PP, butadiene (BD) and py-gasoline.
Qapco chairman Hamad Rashid Al Mohannadi said it is a pioneering initiative as, for the first time, two Qatari entities will together build and develop a petrochemical complex of this magnitude.
"We are honoured to have been entrusted with the mission to further integrate downstream petrochemical sector of the state. It will offer new opportunities not only for our customers, but for further development of small- and medium-sized industries in Qatar,” Al Mohannadi said.
"Qapco, banking on its nearly 40 years of experience, has demonstrated operational excellence and high product quality while maintaining a competitive edge in the global petrochemical industry," he added.
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