Chevron Phillips Chemical Company LLC and Qatar Petroleum (QP) signed an agreement for the development, construction and operation of a petrochemicals complex in Qatar to produce ethylene and high-density polyethylene (HDPE). The facility will be developed and constructed in Ras Laffan Industrial City and is expected to have a 1,900 KTA ethane cracker and two high-density polyethylene derivative units with a combined capacity of 1,680 KTA.
The Minister of State for Energy Affairs and President & CEO of Qatar Petroleum, Saad Sherida Al-Kaabi, and Mark E. Lashier, President & CEO of Chevron Phillips Chemical signed the agreement.
Qatar Petroleum will own a 70% majority share of the joint venture and Chevron Phillips Chemical will own the remaining 30%.
In addition to the exclusive licensing of its MarTECH loop slurry process for manufacturing HDPE, Chevron Phillips Chemical will provide project management, engineering and construction services to develop the project. As part of the development phase, the companies will study the potential efficiencies that could be realised by harnessing the existing capabilities of the Qatar Chemical Company (Q-Chem) joint ventures to provide overall operational management of the facility once complete.
The engineering design phase of the project should commence shortly, leading to a planned start-up in late 2025.