Doha - Qatar Petrochemical Company (Qapco) recently signed a technology licence agreement with Basell Polyolefin GmbH of Germany for its new low Density Polyethylene Plant, LDPE 3, located at Mesaieed Industrial City (MIC), with a capacity of 250 KT (Expandable to 300KT).
The agreement was signed by Eng Mohd Yousef Al Mulla, Qapco General Manager and Dr Just Jansz, President of Technology Business, Basell Polyolefin Co.
Present at the signing ceremony from Qapco's side, were Dept managers and officials of Qapco, Qatar Vinyl Co (QVC), Qatofin and Total Petrochemicals and from Basell's side, were Dr Kaspar Evertz, Senior Vice President Technology Business/Licensing and other officials.
Speaking at the agreement signing ceremony, Eng. Mohd Al-Mulla said that the investment in LDPE-3 Project has been decided on the basis of excess ethylene available from Qapco Ethylene Expansion project (EP-2) and also on the basis of additional ethylene likely to be available from Qatofin's share of ethylene in Ras Laffan Cracker.
The LDPE production coming from new plant primarily would be sold in Asia and Europe. The project has its own specific features and economies, he said.
"The LDPE-3 Project is slated for completion at the end of the year 2010 with commercial production expected in early 2011. After the startup of LDPE-3 plant, the total PE capacity of Qapco including Qatofin would increase to approx. 1.2 Million tones per annum comprising 650-700KT of LDPE and 450KT of LLDPE", Eng Al Mulla said.
© The Peninsula 2007
