QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) announced that they have secured US$4.4 billion financing for the Ras Laffan Petrochemicals project, an integrated polymers complex in Ras Laffan Industrial City, Qatar.
The Ras Laffan Petrochemicals project is a collaboration between QatarEnergy (70%) and CPChem (30%). It encompasses an ethane cracker capable of producing around 2.1 million tons of ethylene annually. Additionally, it features two polyethylene trains that collectively yield 1.7 million tons per year of High-Density Polyethylene (HDPE) polymer products, extensively used in packaging, construction, and consumer goods. Upon completion, this facility will significantly enhance Qatar's petrochemical production capacity, nearing 14 million tons annually.
The complex is set to commence production in late 2026.
Country updates
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May 22, 2023
QatarEnergy awards EPC to Technip Energies for North Field East (NFE) LNG project in Ras Laffan
QatarEnergy has awarded Technip Energies an engineering, procurement, and construction (EPC) contract worth US$10 billion for constructing the onshore infrastructure of the North Field South (NFS) pro...
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March 17, 2023
Qatar becomes largest sole shareholder in RWE
Qatar Investment Authority (QIA) has converted a mandatory convertible bond valued at EUR2.42 billion (US$2.55 billion) into shares of RWE AG, making it the company's largest shareholder. QIA now hold...
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January 09, 2023
Sungrow to supply inverters for 814 MW solar PV project in Qatar
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November 08, 2022
Commercial operation begins for 800 MW Solar PV project in Qatar
Qatar Energy has announced that the construction for 800 MW Al-Kharsaah Solar PV Power Plant (KSPP) located 80 km west of Doha in Qatar has been completed.
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August 30, 2022
QatarEnergy awards EPC contract to develop 875 MW Solar PV projects in Qatar
QatarEnergy Renewable Solutions has awarded Samsung C&T the EPC contract for the development of two solar photovoltaic (PV) projects with a combined capacity of 875 MW in Qatar.
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