Page 12 - DMEA Week 02 2023
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DMEA PETROCHEMICALS DMEA
QatarEnergy and CPChem to
build Ras Laffan Petchem plant
MIDDLE EAST STATE-OWNED QatarEnergy and US-based venture (JV) to build and operate the facility.
Chevron Philips Chemical (CPChem) this week Al-Kaabi said: “This marks QatarEnergy’s
agreed a $6bn deal to build the world-scale Ras largest investment ever in Qatar’s petrochemicals
Laffan Petrochemicals Complex. sector and the first direct investment in 12 years.
A press release from the Qatari firm said that It will double our ethylene production capacity,
integrated olefins and polyethylene facility at Ras and increase our local polymer production from
Laffan Industrial City was expected to begin pro- 2.6 to more than 4 million tons per annum, and
duction in 2026 and comprise an ethane cracker place the utmost emphasis on sustainable growth
with a capacity of 2.1mn tonne per year (tpy) of and the environment.”
ethylene. During the ceremony, QatarEnergy
This will make it the region’s largest and announced that it had awarded an engineering,
one of the biggest in the world, according to procurement, and construction (EPC) contract
QatarEnergy. in October 2022 for the ethylene plant to SCJV, a
The facility will also include two polyethylene joint venture company between Samsung Engi-
(PE) trains with a combined capacity of 1.7mn neering Company Ltd. of South Korea and Tai-
tpy of high-density polyethylene (HDPE), “rais- wan’s CTCI.
ing Qatar’s overall petrochemical production Meanwhile, the December award of a $1.3bn
capacity to almost 14mn tpy”. EPC contract for the PE to Maire Tecnimont
The agreement was announced by Qatari of Italy and the selection of US firm Emerson
Minister of State for Energy Affairs and Presi- as the main automation contractor were also
dent and CEO of QatarEnergy HE Saad Sherida announced.
Al-Kaabi and CPChem’s President and CEO The companies noted that the earlier awards
Bruce Chinn. were kept quiet on account of a confidentiality
The two companies will form a 70:30 joint agreement with the client.
P12 www. NEWSBASE .com Week 02 12•January•2023
