Qatar looks to build two petrochemical plants in Asia

Nov 19, 2009 01:00 AM

The CEO of the state-owned energy giant Qatar Petroleum International (QPI) has said that the company is planning to spend around $ 9.8 bn on the construction of two petrochemical plants in Asia.
Nasser al-Jaidah said that QPI will team up with China National Offshore Oil Corporation (CNOOC) to build a $ 5.8 bn plant in China's Hainan province, while another plant costing $ 4 bn will be built in Vietnam. Both plants will use Qatari liquefied petroleum gas (LPG) as a feedstock.

"There is huge potential for growth in Asia, especially China. We can hit two birds with one stone -- tap the markets and exit our product," al-Jaidah is quoted as saying.
Al-Jaidah also said that the Hainan facility will process 3.8 mm tpy of LPG and will produce polypropylene as well as other chemical products.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« November 2020 »
November
MoTuWeThFrSaSu
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30

Register to announce Your Event

View All Events