QatarEnergy to break ground biggest ethane cracker project today

19 February, 2024
Source: Iranoilgas.com

QatarEnergy is to break ground today, Feb. 19 on its $6 billion Ras Laffan petrochemical project, its largest investment in petrochemicals in the country, Platts reported.

The project, first announced in 2019, will feature the Middle East's largest ethane cracker and capacity to produce 2.1 million mt/year of ethylene from 2026.

In 2023, QatarEnergy announced the final investment decision for the project, which is 70% owned by QatarEnergy and 30% by Chevron Phillips Chemical Co., a joint venture of Chevron and Phillips 66.

The project also includes two polyethylene trains, with a combined output capacity of 1.7 million mt/year of high-density polyethylene polymer products, raising Qatar's overall petrochemical production capacity to about 14 million mt/year, QatarEnergy has said.

 

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