Qatar Petroleum to build world-scale petrochemicals complex
Tank Storage Magazine
Qatar Petroleum has announced plans to build a world-scale petrochemical complex, with the largest ethane cracker in the Middle East.
The company has invited a group of leading international companies to submit proposals for the development and operation of a new complex with Qatar Petroleum at Ras Laffan Industrial City.
The complex will include an ethane cracker with a capacity of more than 1.6 million tonnes per annum of ethylene – making it one of the largest in the world. It will also include derivative plants, which will consolidate Qatar's position among leading petrochemical producers.
The engineering design of the complex should commence shortly, with start-up planned in 2025.
Saad Sherida Al-Kaabi, president and CEO of Qatar Petroleum, says: 'Petrochemicals represent a major pillar of our growth strategy to achieve our vision of becoming one of the best national oil companies in the world. This project will complement our efforts to implement our strategy, and will enable Qatar Petroleum to further expand its footprint in the global petrochemicals market.'