https://sputnikglobe.com/20230108/qatarenergy-chevron-philips-to-build-petrochemical-facility-worth-6bln-1106133205.html
QatarEnergy, Chevron Philips to Build Petrochemical Facility Worth $6Bln
QatarEnergy, Chevron Philips to Build Petrochemical Facility Worth $6Bln
Sputnik International
Qatari state owned company QatarEnergy and US-Dutch corporation Chevron Phillips have agreed to build a joint large petrochemical facility producing alkenes and polyethylene materials worth $6 billion.
2023-01-08T15:56+0000
2023-01-08T15:56+0000
2023-01-08T15:57+0000
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“QatarEnergy with Chevron Phillips Chemical Company (CPChem) announced a final investment decision to build Ras Laffan Petrochemicals, an integrated alkene and polyethylene facility worth $6 billion,” the company said.The agreement on the joint enterprise, in which QatarEnergy and CPCchem will have 70% and 30% share respectively, was signed on Sunday. According to QatarEnergy, Ras Laffan Petrochemicals, which is scheduled to be launched in 2026, will have ethane cracker with a capacity of 2.1 million tonnes of ethylene per year, which will make it the largest in the Middle East, as well as two polyethylene production lines with a combined capacity of 1.7 million tonnes of polymer products per year, which will increase Qatar's total petrochemical production capacity to almost 14 million tonnes per year.
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qatar, joint venture, chevron phillips, qatarenergy, petrochemical facility, alkenes producing, ras laffan petrochemicals
qatar, joint venture, chevron phillips, qatarenergy, petrochemical facility, alkenes producing, ras laffan petrochemicals
QatarEnergy, Chevron Philips to Build Petrochemical Facility Worth $6Bln
15:56 GMT 08.01.2023 (Updated: 15:57 GMT 08.01.2023) DOHA (Sputnik) - Qatari state owned company QatarEnergy and US-Dutch corporation Chevron Phillips have agreed to build a joint large petrochemical facility producing alkenes and polyethylene materials worth $6 billion, QatarEnergy told Sputnik on Sunday.
“QatarEnergy with Chevron Phillips Chemical Company (CPChem) announced a final investment decision to build Ras Laffan Petrochemicals, an integrated alkene and polyethylene facility worth $6 billion,” the company said.
The agreement on the joint enterprise, in which
QatarEnergy and CPCchem will have 70% and 30% share respectively, was signed on Sunday.
According to QatarEnergy, Ras Laffan Petrochemicals, which is scheduled to be launched in 2026, will have ethane cracker with a capacity of 2.1 million tonnes of ethylene per year, which will make it the largest in the Middle East, as well as two polyethylene production lines with a combined capacity of 1.7 million tonnes of polymer products per year, which will increase Qatar's total petrochemical production capacity to almost 14 million tonnes per year.
