【Haichuan Chemical Salary News】Chevron Phillips plans to build an ethane cracking plant with a capacity of 1.9 million tons and an HDPE plant with a capacity of 1.68 million tons in Qatar
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On June 24, Chevron Phillips Chemical and Qatar Petroleum announced that they had signed an agreement to develop, build, and operate a petrochemical facility in Qatar for the production of ethylene and high-density polyethylene (HDPE).
The facility will be built in the Ras Al Khair Industrial City, and is expected to include an ethane cracking unit with a capacity of 1.9 million tons per year, as well as two HDPE plants with a total capacity of 1.68 million tons per year. Qatar Petroleum will hold 70% of the shares in the joint venture, while Chevron Phillips Chemical will hold the remaining 30%. The project is scheduled to start in 2025. Chevron Phillips Chemical will provide its MarTECH recycled mud technology, as well as project management, engineering, and construction services. Mark E. Lashier, the company’s president and CEO, said, “Developing this project represents a tremendous opportunity for us to meet the growing global demand for petrochemical products.” This project is fully in line with our strategy to build petrochemical assets on a global scale. ”Saad Sherida Al-Kaabi, CEO of Qatar Petroleum and Minister of State for Energy, said: “The signing of this agreement is an important milestone for Qatar Petroleum, as petrochemicals are a key pillar in our vision to become the best oil and gas company in the world.” ”