Qatar to Build $6 Billion Gas-to-Plastics Plant by 2026

  • Publish date: Wednesday، 11 January 2023
Qatar to Build $6 Billion Gas-to-Plastics Plant by 2026
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Qatar signed with Chevron Phillips Chemical on Sunday a $6 billion deal to build a plant that converts natural gas into polyethylene and other plastics by 2026.

The Ras Laffan Petrochemicals Complex will produce 2.1 million tonnes of ethylene a year along with 1.7 million tonnes of polyethylene derivatives through the biggest ethane cracker in the Middle East.

The complex will have “lower waste and greenhouse gas emissions” than similar facilities around the world, said Saad Sherida Al Kaabi, Qatar’s energy minister and the CEO of QatarEnergy.

QatarEnergy has a 70 percent equity share in the joint venture with Texas-based Chevron Phillips taking the other 30 percent.

Ethane crackers, which convert gas into ethylene, have been targeted by environmental activists for their emissions, while ethylene and polyethylene are used in a swathe of plastic products from piping to water bottles and food packaging