Monday, June 24, 2024
Today's News
Monday, June 24, 2024
Today's News

Qatar, Chevron to build $6 billion gas-to-plastics plant

Qatar, Chevron to build $6 billion gas-to-plastics plant

The Ras Laffan Petrochemicals Facility is set to begin running in 2026

Qatar authorized a $6 billion deal with Chevron Phillips Chemical on Sunday to build a plant, including the largest ethane biscuit in the center East, transforming natural gas into polyethylene and various other plastics.

The Ras Laffan Petrochemicals Complicated, which will produce 2.1 million tonnes of ethylene a year together with 1.7 million tonnes of polyethylene derivatives, will certainly come on stream in 2026.

The complicated will certainly have “lower waste as well as greenhouse gas emissions” than similar centers around the globe, said Saad Sherida Al Kaabi, Qatar’s power priest as well as the chief executive officer of QatarEnergy.

QatarEnergy has a 70 percent equity share in the joint endeavor with Texas-based Chevron Phillips taking the various other 30 percent.

” This notes QatarEnergy’s largest investment ever in Qatar’s petrochemicals sector as well as the initial straight financial investment in 12 years,” Kaabi claimed at a signing event in Doha.

Ras Laffan will increase Qatar’s ethylene manufacturing capacity as well as boost its polymer result from 2.6 million tonnes to more than four million tonnes a year. On the whole, Qatar’s petrochemical manufacturing capacity will climb to virtually 14 million tonnes a year.

The investment “notes a vital milestone in QatarEnergy’s downstream expansion approach”, Kaabi stated.

” It will not only promote additional growth in the downstream and petrochemical markets in Qatar, yet will certainly additionally strengthen our incorporated placement as a major worldwide gamer in the upstream, LNG, and downstream sectors.”

Ethane crackers, which transform gas into ethylene, have actually been targeted by ecological protestors for their emissions, while ethylene as well as polyethylene are used in a swathe of plastic products from piping to water bottles as well as food product packaging.

Well-off Qatar has big books of natural gas including the North Area, which contains the world’s biggest deposits as well as stretches under the Gulf sea into Iranian area.

Last Updated:  9 January 2023

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