Petrochemicals
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Cracker at Ras Laffan
A Joint Venture Agreement (JVA) was signed on 13 June 2002 between Q-Chem II (53.31%), Qatofin (45.69%) and QP (1%) to establish a steam cracker at Ras Laffan with design capacity of 1,300,000 MMTA of ethylene.
An ethylene pipeline from Ras Laffan to Mesaieed will supply ethylene to Q-Chem II and Qatofin plants.
Qatofin
Qatofin is a JV between QAPCO (63%), Atofina (36%) and QP (1%) for production of 450,000 MTPA of LLDPE adjacent to QAPCO site. Feasibility study was completed in December 2002. ITB document for EPC contract was sent to bidders on 22 July 2003. Negotiations continued on several project agreements. The estimated start-up of the project is third quarter 2008.
Q-Chem II Project
An amended JVA was signed on 13 June 2002 between QP (51%) and Chevron Phillips (49%) to establish an ethylene derivatives plant at Mesaieed, adjacent to the Q-Chem plant, with a design capacity of 350,000 MTPA of HDPE and 350,000 MTPA normal alfa olefins.
Feasibility study was completed in December 2002. FEED contract was awarded to Aker-Kvaerner. The estimated start-up of the project is third quarter 2008.
DME Project with MGC
A letter of intent was signed on 10 June 2003 with Mitsubishi Gas Chemicals (MGC) and ITOCHU to establish a project for the production of Di-Methyl-Ether (DME) at Ras Laffan in Qatar.
The production capacity of the project is 1.7 MMTPA of DME. The project is planned to start-up around fourth quarter 2008.
Fuel Grade-Methanol Project
Heads of Agreement (HoA) was signed with Petroworld Ltd on 14 September 2003 for the development of a large scale fuel grade methanol project targeting on out put of 12,000 to 15,000 MTPD at Ras Laffan. The partners expect the proposed project to come on stream by 2008.
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