|
| Owner |
: |
Qatar Aluminum CompanyQatar Aluminum Company - Qatar
|
| Shareholders |
: |
Qatar PetroleumQatar Petroleum - Qatar - 50.00 %
Hydro Aluminium - Norway - 50.00 %
|
| Location |
: |
Mesaieed Industrial City, South, Qatar
|
| Contract Type |
: |
EPC - Engineering, Procurement, Construction |
| Payment Terms |
: |
Lump Sum Turnkey (LSTK) |
| Facility Type |
: |
Aluminum smelter |
| Capacity |
: |
585,000 t/y aluminum |
|
| Background |
Qatalum plans to develop an aluminum smelter in Mesaieed Industrial City, Qatar.
The smelter will have a capacity of 585,000 t/y and could be expanded to a capacity of approximately 1.2 million t/y.
The Qatalum aluminum smelter forms the main component of the Qatalum project. The second component entails the construction of a captive power plant with a capacity of 1,250 MW.
Raw amonia material will be imported from Brazil and Australia, while coal and tar will be imported from the Gulf region, India and China.
Qatalum will target the Mediterranean, Asian, North American, and GCC markets.
SNC LavalinSNC Lavalin carried out FEED.
The awarded contracts include the following:
Anode service plant contract awarded to Kempe Engineering Service of Australia.
Anode superstructures contract awarded to China Great Wall Construction Corporation.
Busbar materials contract awarded to Salzburger Aluminium of Austria.
Pot control system contract awarded to ABB, Europe.
Pot tending machines contract awarded to NKM Noell Special Cranes of Germany.
Pot shells awarded to Ahmed Mansoor Al Aali Company of Bahrain.
Fume treatment plants including distribution systems awarded to Solios Environnement.
Installation of Reduction Cells and Potroom Equipment awarded to Dutco McConnel Dowell.
Paste Plant awarded to Solios Carbone. |
| Current Status |
In November 2009, commissioning is expected to start.
In December 2009, production is expected to start.
In April 2009, full production capacity is expected to be reached. |
| Previous Events |
In September 2009, 90% of the project was completed. Qatalum awarded Corodex Electromechanic, a company of Concorde-Corodex group (CCG), a contract to construct a vacuum sewerage system for the aluminum plant.
In March 2009, the first cell (706 cells in total) was placed and the potlining process begun.
In January 2009, 65% of the project construction was completed.
In August 2008, 36% of the overall project construction was completed.
On 19 November 2007 the foundation stone was laid and the construction work started on site.
In October 2007, Solios Carbone from France was awarded the EPC contract for the gas treatment centres.
In September 2007, Qatalum awarded the contracts to build the anode baking plant, green anode plant and cast house. The consortium of Fata Group, Italy and K Home International, UK was awarded the USD 500 million anode baking plant and cast house contract. Solios Carbone of France was awarded the green anode plant contract.
In July 2007, Qatalum issued the final approval for the development of the project.
In November 2006, the EPC contract for the services area and potroom building of the plant was awarded to SNC LavalinSNC Lavalin for a value of USD 700 million.
In March 2006, Qatar PetroleumQatar Petroleum and Hydro Aluminium signed an agreement to form a joint venture company, Qatalum, for the development, construction and operation of the Qatalum aluminum plant. |
| Scope of Work |
Construction of an aluminum smelter including:
- reduction aluminum plant
- 2 pot-rooms each having two rows of electrolytic cells (potlines). Each potline consists of 176 cells, making 352 cells in each pot-room and a total of 704 cells
- rectifiers to supply 300 kA DC current to the potlines
- fume treatment plant, comprising dry and wet scrubbers
- cell relining workshop
- crane service workshop |
| Financing Source |
BNP Paribas is the financial adviser.
Total investment cost of the project was originally estimated at USD 4.8 billion. On 30 October 2007, Norsk Hydro ASA indicated that the cost of the project will rise by USD 800 million to around USD 5.6 billion due to cost increases.
On 23 August 2007, Qatalum closed a USD2.6 billion project finance package with lending institutions for the construction of the plant.
The limited recourse financing is comprised of a USD2.25 billion commercial bank term loan facility and a USD 350 million Export Credit Agency (ECA) with GIEK of Norway. The commercial bank term loan facility was joined by 30 banks and Export Development Canada.
The mandated lead arrangers (MLAs) comprise Arab Bank, Arab Banking Corporation, APICORP, Banco Bilbao Vizcaya Argentina, Bank of Tokyo Mitsubishi UFJ, Barclays Capital, Bayerische Hypo- und Vereinsbank, BNP Paribas, Calyon, China Construction Bank Corporation (Hong Kong), Commerzbank, DnB NOR Bank, Doha Bank, Europe Arab Bank, Export Development Canada (EDC), Fortis Bank, Goldman Sachs, Gulf International Bank, ING, Intesa Sanpaolo, Kreditanstalt fur Wiederaufbau, MashreqBank, Mizuho, National Australia Bank, Natixis, Nordea Bank, Royal Bank of Scotland, Société Générale, Standard Chartered, Sumitomo Mitsui Banking Corp, WestLB, and Woori Global Markets Asia. |
| Expected Schedule |
| Phase | Schedule | Description |
| Commissioning |
Nov 2009 | Commissioning expected to start
|
| Completion |
Apr 2010 | Project expected to be completed
|
|
| Related Projects |
|
|
| Schedule | Phase | Description |
| Mar 2006 |
Planning | Qatar PetroleumQatar Petroleum and Hydro Aluminium signed an agreement to form the joint venture
|
| Aug 2006 |
EPC | Bidders submitted their proposals
|
| Nov 2006 |
EPC | Contract awarded to SNC LavalinSNC Lavalin for the services area and potroom building
|
| Sep 2007 |
EPC | Contracts to build the anode baking plant, green anode plant and cast house awarded
|
| 19 Nov 2007 |
EPC | Foundation stone laid and construction work started
|
| Nov 2009 |
Commissioning | Commissioning expected to start
|
| Apr 2010 |
Completion | Project expected to be completed
|
|
Master Project | 
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