Qatar Petroleum inks deal with CP Chem for new petchem complex
The proposed complex is expected to include a 1.9 million tons/year ethane cracker and two HDPE units with a combined capacity of 1.68 million tons/year.
As part of the agreement, Qatar Petroleum will have a 70% majority ownership of the joint venture while CP Chem will own the remaining 30% stake.
The engineering design phase of the project is expected to start soon, with start-up scheduled for late 2025.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Upstream keeps China PET afloat; prices hit 11-month high
- Import PVC uptrend loses momentum in Asia; is the 9-month rally coming to an end?
- Tightness brings further price hikes in African PP, PE markets
- European PP hits new highs after 3-digit hikes for January
- Turkey’s PP, PE markets open 2021 with supply-driven hikes
- Vietnam’s local homo-PP market retreats for 3rd week on subdued demand
- China’s PE demand wavers amid controls on environmental pollution and electricity use
- January trend takes shape in Egypt’s PP, PE markets
- Stats: Turkey’s 2020 polymer imports set to beat the 2017 record
- China PP, PE markets close 2020 on a soft note; SE Asia feels pressure