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QatarEnergy and Chevron Phillips Chemical Company LLC announced the development of a 56 billion integrated polymers complex in Ras Laffan Industrial City in Qatar, that is projected to move ahead with.

At a ceremony in Doha, an agreement signifying the project's favourable final investment decision was sealed. The businesses established Ras Laffan Petrochemicals as a joint venture, with OatarEnergy holding a 70% ownership stake and Chevron Phillips Chemical holding a 30% stake.

The 435-acre project site will house two high-density polyethylene derivative units with a combined capacity of 1680 KTA, as well as an ethane cracker with a capacity of 2080 KTA of ethylene, making it the largest ethane cracker in the Middle East and one of the largest in the world.

The project management will be done by Chevron Phillips Chemical. Early construction on the project started in June 2022, and a startup is anticipated for late 2026.

A joint venture between Samsung Engineering CO., Ltd. and CTCI Corporation will handle the ethane cracker's engineering, procurement, and construction. Engineering, procurement, and construction for the polyethylene units will be carried out by Tecnimont S.P.A.

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High-density polyethylene, which will mostly be exported from the state of Qatar, will be made in the polyethylene units using Chevron Phillips Chemicals MarTech's loop slurry process.

Production of long-lasting products like pipes for natural gas and water distribution as well as leisure items like kayaks and coolers uses polyethylene. Additionally, it is utilised in packaging to safeguard and preserve food as well as maintain the sterility of medical supplies.

In addition to other efforts, the plant will be built with energy-efficient technology and employ ethane as feedstock, which is anticipated to result in lower greenhouse gas emissions than comparable global facilities.

About Chevron Phillips Chemical Company LLC

It is one of the largest producers of olefins and polyolefins in the world, Chevron Phillips Chemical is also a major provider of aromatics, alpha olefins, styrenics, specialty chemicals, plastic pipes, and polymer resins.

Chevron Phillips Chemical and its affiliates employ about 5,000 people and have assets worth close to US$18 billion, including 31 manufacturing and research facilities spread across six nations. The headquarters of Chevron Phillips Chemical is in The Woodlands, Texas, and it is indirectly owned equally by Phillips 66 Company and Chevron Corporation U.S.A. Inc.

About Qatar Energy

QatarEnergy is a state-owned oil corporation in Qatar, which was previously known as Qatar Petroleum. All oil and gas operations in Qatar, including exploration, production, refining, transport, and storage, are carried out by the business.

As per Procurement Resource, the development of a 56 billion integrated polymers complex at Ras Laffan Industrial City in Qatar, which was announced by QatarEnergy and Chevron Phillips Chemical Company LLC, will proceed.

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An agreement indicating the project's favourable final investment decision was sealed at a ceremony in Doha. Ras Laffan Petrochemicals was founded as a joint venture by the companies, with OatarEnergy owning 70% and Chevron Phillips Chemical 30% of the company.

The 435-acre project site will house an ethane cracker with a capacity of 2080 KTA of ethylene, making it the largest ethane cracker in the Middle East and one of the largest in the world, as well as two high-density polyethylene derivative units with a combined capacity of 1680 KTA.

Chevron Phillips Chemical will be in charge of project management. Early project building began in June 2022, and a startup is planned for late 2026.