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The picture shows the signing ceremony
On January 8, Qatar Energy announced that it has made a final investment decision
with partner Chevron Phillips Chemical (CP Chemical).
The two companies will jointly invest US$6 billion to build the Laslavan petrochemical plant
.
Qatar Energy said the Laslavan petrochemical plant is expected to come on stream in 2026 and includes one ethane cracker and two polyethylene (PE) units
.
The ethane cracker will have an annual output of 2.
1 million tons of ethylene and the PE plant will have an annual output of 1.
7 million tons of high-density polyethylene (HDPE).
According to reports, Qatar Energy owns 70% of the shares of the joint venture Laslavan Petrochemical Company, while CP Chemical owns the remaining 30%.
Saad Al-Qabhi, CEO of Qatar Energy, said: "This is Qatar Energy's largest investment in Qatar's petrochemical industry in its history and represents an important milestone
in the company's downstream expansion strategy.
”
According to CP Chemical, construction work on the Laslavan petrochemical plant began
in June 2022.
The engineering, procurement and construction of the ethane cracker will be performed
by a joint venture between Samsung Engineering and Zhongding Engineering.
Tecnimont will perform the engineering, procurement and construction of the PE plant
.
