Qatar Petroleum, QAPCO sign technology license contract Al Sejeel Complex

Qatar Petroleum, QAPCO sign technology license contract for Al Sejeel Complex

5:51 AM, 13th June 2013
Qatar Petroleum, QAPCO sign technology license contract for Al Sejeel Complex

DOHA, QATAR: Qatar Petroleum (QP) and Qatar Petrochemical Company Limited (QAPCO) signed technology license contract for the upcoming Al Sejeel Petrochemical Complex at Ras Laffan Industrial City. Both the companies have also signed an agreement to jointly develop this mega-petrochemical complex, in which QP will hold 80 per cent equity interest.

The Al Sejeel Petrochemical Project which is scheduled for completion in 2018, will use Univation Technologies’ polyethylene technology and The Dow Chemical Company’s polypropylene technology. Qatar Petroleum and QAPCO have signed technology licensing agreements with Univation and Dow. The Al Sejeel Petrochemical complex will feature a world-scale mixed-feed steam cracker, with the original mixed feedstock of ethane, butane, and naphtha, thus allowing extra flexibility and diversity in terms of products.

“This is a pioneering initiative as this is the first time that two Qatari entities will build and develop together a petrochemical complex of this scale. Over the past years, Qatar and the country’s petrochemical sector in particular have built tremendous capabilities, developed a talented national workforce, and acquired strong technical and operational expertise to develop and implement strategic projects such as Al Sejeel,” said Hamad Rashid Al Mohannadi, Chairman, QAPCO.

“With QAPCO building on its nearly 40 years of experience, we have demonstrated operational excellence and high product quality as well as developed and maintained competitive edge in the global petrochemical industry. Therefore, we are honoured to have been entrusted with the mission to further integrate the downstream petrochemical sector of the state and offer new opportunities for our customers as well as opportunities for small and medium size industries to be further developed in Qatar,” added Al Mohannadi.

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