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Qatar Petroleum enlists Chevron for huge petrochemical project

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Christian Fernsby ▼ | June 24, 2019
Qatar Petroleum Chevron
Middle East   Qatar Petroleum Chevron

Qatar Petroleum has announced the selection of Chevron Phillips Chemical Company LLC as its partner in a new Petrochemicals Complex, which will be developed and constructed in Ras Laffan Industrial City.

The new complex will have an ethane cracker with a nameplate capacity of 1.9 million tons of ethylene per annum, making it the largest ethane cracker in the Middle East and one of the largest in the world. It will also include two high-density polyethylene derivative units, which will raise Qatar’s current Polyethylene production capacity by 82% by the fourth quarter of 2025.

The project will be built to the highest standards, deploying state of the art technologies and placing utmost importance on safety, reliability and the environment.

The announcement was made during a ceremony held in Doha, during which relevant project agreements were signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and by Mark E. Lashier, President & CEO of Chevron Phillips Chemical. The ceremony was attended by senior Qatar Petroleum, Chevron Corporation, Phillips 66, and Chevron Phillips Chemical Company executives.

The signed agreements govern the project’s ownership and development through a new joint venture company between Qatar Petroleum (with a 70% participating interest), and Chevron Phillips Chemical Company (with a 30% participating interest).

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