QP, Qapco to build USD $5 billion petrochemical complex

Reuters reports that Qatar Petroleum and Qatar Petrochemical Co (QAPCO) will build a $5 billion petrochemical complex in the Gulf Arab state, the companies said on Monday. The plant, to be located at Qatar’s Ras Laffan industrial city, will produce petrochemical products mainly to be sold to high-growth markets in Asia, Africa and Latin America, the country’s energy minister Mohammed Al-Sada said at the signing ceremony on Monday. The plant, which will include a steam cracker, will produce 1.4 million tonnes per annum of ethylene, 850,000 tonnes per annum of high-density polyethylene, 430,000 of linear low-density polyethylene, 760,000 tonnes per annum of polypropylene and 83,000 tonnes per annum of butadiene.