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Qatar Petroleum inks deal with CP Chem for new petchem complex

by ChemOrbis Editorial Team -
  • 24/06/2019 (16:36)
According to a press release, Qatar Petroleum and Chevron Phillips Chemical Company (CP Chem) have signed an agreement to jointly develop a new petrochemical complex in Ras Laffan Industrial City, Qatar.

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.
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