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Shell and Qatar Petroleum have signed an agreement for the development of a world-scale petrochemicals complex in Ras Laffan Industrial City, Qatar. The complex will produce cost-competitive petrochemicals products to be marketed primarily into Asian growth markets.
The complex is scheduled to include a world-scale steam cracker with feedstock coming from natural gas projects in Qatar, a mono-ethylene glycol plant of up to 1.5 million tons per annum, 300 kilotons per annum of linear alphaolefins and another olefin derivative. Qatar Petroleum will have an 80-percent equity interest in the project with Shell having the remaining 20 percent.
"This agreement marks the beginning of another partnership with Qatar Petroleum for the development of a world-scale petrochemicals project in Qatar," said Shell CEO Peter Voser. "Coming on the heels of the inauguration of Pearl GTL, this new venture demonstrates the commitment of both parties to deepen our relationship even further. Shell values the opportunity to bring to Qatar the expertise and technology necessary to deliver a petrochemicals project of this scale and looks forward to its successful delivery."
Earlier this year, Shell and Qatar Petroleum delivered Pearl Gas-to-Liquids (GTL) and Qatargas 4, which are two of the world’s largest projects built in Ras Laffan Industrial City. For more information, visit www.shell.com.