On the 6th of July 2014, Qatar Petrochemical Company (QAPCO) Q.S.C., one of the leading petrochemical powerhouses in the Middle East and a pioneer in petrochemical production, was proud to support once again the graduation ceremony of Omar Bin Al-Khattab, the secondary school for boys.
The 2014 ceremony took place at the Qatar National Convention Center and honored the 14th batch of graduates from the prestigious educational institution, marking the successful culmination of their preparatory studies.
Over 150 promising graduates were honored during this ceremony for their outstanding academic achievements, hard work and dedication.
The function was attended by numerous families and guests, well wishers, teachers, the school's management team and by various QAPCO managers.
Speaking on the occasion, Dr. Mohammed Yousef Al Mulla, Vice Chairman & CEO of QAPCO, highlighted that supporting the graduation ceremony of Omar Bin Al-Khattab is important for QAPCO and is part of the company's unwavering commitment towards contributing to Qatari society.
Dr. Al Mulla said: "As a responsible corporate citizen and in line with our commitment to the Qatar National Vision 2030, it is our role to invest in the future of our country, by supporting the youth of our beloved nation. Human capital is one of the most precious assets of Qatar and we believe that those young and talented graduates from Omar Bin Al-Khattab Educational Complex hold enormous potential. We are committed to accompanying them through the different stages of their education and professional path. Moving towards a knowledge-base society, it is crucial to ensure that the younger generations are well equipped with the relevant skills and the latest scientific knowledge to contribute towards building the future success our country."
QAPCO and Omar Bin Al-Khattab's relationship spans over many years. QAPCO is proud to sponsor once again the graduation ceremony of Omar Bin Al-Khattab Educational Complex for Boys, as a tribute to the high-level education and excellence provided by the school. Dr. Al Mulla acknowledged the school's leadership role and the important part Omar Bin Al-Khattab played for the development of the educational sector since its inception.
Mr. Mohammed Abdullah Al-Maraghi, Principal of Omar Bin Al-Khattab Educational Complex, extended his thanks and appreciation to QAPCO for their continual support.
In his address at the graduation ceremony, Mr. Al-Maraghi added: "At our school, it is our responsibility to empower students with the spirit of creativity and initiative. We have always been keen on offering the highest level of education and support to our students, developing their skills and capabilities, reinforcing all the positive aspects of learning and development, focusing on continuous improvement, keeping ourselves updated with the latest educational techniques and methods, encouraging our students to always reach higher and seek further knowledge, to ensure them a bright professional future. They will build the future of our country. We encourage them to keep a high level of dedication and excellence, to ensure their future professional success, as they hold the future of Qatar in their hands."
On this special occasion, Dr. Al Mulla congratulated all the students for their commitment and urged them to further pursue excellence to achieve success in their studies and careers ahead.
QAPCO continuously reaches out to the Qatari youth through an array of initiatives aimed at supporting their educational journey and shaping the talent of the future.
To support the company's growth ambitions, and in line with its Quality Qatarization policy, QAPCO always aims to recruit talented and motivated students, by offering them stimulating careers in various disciplines within QAPCO. QAPCO indeed expressed its commitment to provide scholarships to the most talented students and to offer them upmost support to continue their studies in various universities in Qatar and abroad.
"At QAPCO, via numerous innovative initiatives, we strive to attract talented Qatari students to join the company, by offering them inspiring scholarships and rewarding careers, to support their development and to help them succeed professionally. Generating interest amongst the youth about the Energy and Industry sector and affiliated disciplines such as Engineering and Chemistry for instance is our goal. As such, we sponsor top students and offer them scholarships to pursue their studies and to join the company in the near future, after graduation." concluded Dr. Al Mulla.
Since its inception in 1974, national leadership is one of the driving forces of QAPCO and gives the company its unique cultural identity. QAPCO registers a Qatarization rate of 30.2% and has received for four years in a row the prestigious Qatarization Crystal, which highlights the success of QAPCO's Scholarship program and places emphasis on QAPCO's impressive track record of recruitng, developing and retaining talent and investing in the education of the youth of Qatar.
-Ends-
About QAPCO
QAPCO was established in 1974 and is a joint venture between Industries Qatar (80%) and Total Petrochemicals (20%). QAPCO is one of the largest producers of low density polyethylene (LDPE) in the region. LDPE is considered as the most widely used form of plastic, providing innovative and practical applications such as food packaging, cables, agricultural films or toys and playing a key role in the development of green building solutions. The LDPE produced by QAPCO is a high quality food-contact safe grade polymer and complies with all local, EU and U.S. FDA standards related to food packaging safety. LDPE enriches the daily lives of million of people around the planet. QAPCO is involved in a number of joint ventures that include QATOFIN, QVC, and QPPC, making QAPCO a regional petrochemical powerhouse.
For more information about this press release,
Email ojanus@qapco.com.qa or naderhanbal@qapco.com.qa
Or visit www.qapco.com.qa
Disclaimer
In this document "company" and "QAPCO" are sometimes used for convenience in reference to Qatar Petrochemical Company (QAPCO) Q.S.C.
This document may contain statements concerning the financial condition or extrapolations and future prospects of Qatar Petrochemical Company (QAPCO) Q.S.C., results of operations and businesses of QAPCO. All statements other than statements of historical fact are deemed to be future extrapolations statements, being statements of future expectations that are based on current expectations and assumptions, and involve known and unknown risks and uncertainties that could cause actual results, operations and business performance or events impacting the company to differ materially from those expressed or as may be inferred from these statements.
There are a number of factors that could affect the realization of these future extrapolations statements such as: (a) price fluctuations in crude oil and natural gas, (b) changes in demand or market conditions for the products, (c) loss of market share and industry competition, (d) environmental risks and natural disasters, (e) changes in legislative, fiscal and regulatory conditions, (f) changes in economic and financial market conditions and (g) political risks. As such, results could differ substantially from those stated, or as may be inferred from the forward-looking statements contained herein. All forward-looking statements contained in this presentation are made as of the date of this presentation, as marked on the Cover page.
Qatar Petrochemical Company (QAPCO) Q.S.C., its Directors, officers, advisors, contractors and agents shall not be liable in any way for any costs, losses or other detrimental effects resulting or arising from the use of or reliance by any party on any of these extrapolations statement and / or other material contained herein. Qatar Petrochemical Company QSC, its subsidiary, joint ventures and associated companies are further in no way obliged to update or publish revisions to any extrapolation statement or any other material contained herein which may or may not be known to have changed or to be inaccurate as a result of new information, future events or any reason whatsoever. Qatar Petrochemical Company (QAPCO) Q.S.C. does not guarantee the accuracy of the historical statements contained herein.
General Notes
Qatar Petrochemical Company's accounting year follows the calendar year. Where applicable, all values refer to Qatar Petrochemical Company (QAPCO) Q.S.C. expressed in QR billions and percentages have been rounded to 1 decimal point. All other values have been rounded to the nearest whole number. Values expressed in US $'s have been converted at the rate of US $1 = QR3.65.
About QAPCO
QAPCO has grown to be recognized as one of the largest producers of low density polyethylene (LDPE) in the Middle East. The company produces a wide range of LDPE grades suitable to all thermoplastics processing techniques with various applications, such as packaging films, agricultural films, extrusion and coating lamination films, high-clarity films, injection molding, cables, wires, foam and other products that are widely used all over the world and touching everyone's daily life.
QAPCO was established in 1974 as a joint multinational venture to utilize the associated and non-associated ethane gases from petroleum production in line with the industrialization plan of the State of Qatar.
QAPCO is jointly owned by Industries Qatar (IQ) with 80% share and Total Petrochemicals France with 20% share.
Plants and Products
Located in Mesaieed Industrial City, QAPCO's manufacturing facilities consist of an 800 KTPA (kilo-ton per annum) ethylene plant, a 70 KTPA sulfur processing plant, and two LDPE plants with a combined capacity of 400 KTPA, In 2012, QAPCO's third LDPE plant was inaugurated and adds an extra capacity of 300 KTPA of LDPE, raising the company's total LDPE capacity to 700 KTPA and making QAPCO one of the largest producers of LDPE in the Middle East.
In addition, QAPCO has self-sufficient utilities plants and other offsite and auxiliary facilities such as those for the production and supply of raw pyrolysis gasoline for SEEF Ltd. and for the manufacture of linear alkyl benzene.
QAPCO also has facilities to process the C4+ stream from Q-Chem to convert it into high-value LPG, which is then supplied to QP.
Projects and Ventures
In a quest to integrate and expand its downstream industrial base and diversify its income resources, QAPCO is currently involved in a number of joint ventures that includes QVC, QATOFIN, QPPC, and RLOC, making it a regional petrochemical powerhouse.
In addition, in February 2012, QP and QAPCO signed a Heads of Agreement (HOA) for the development of a new, mega-petrochemical complex in Ras Laffan Industrial City.
The complex includes a world-scale steam cracker, with the feedstock coming from natural gas plants in Ras Laffan. The project is scheduled for completion in 2018. It is an important milestone in the industrial development of the State of Qatar, especially for the integration of its petrochemical industry.
Qatar Petroleum has an 80% equity interest in the project, with QAPCO taking up the remaining 20% stake. QP and QAPCO will jointly develop the petrochemical complex.
The plant will produce ethylene, high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), polypropylene and butadiene.
© Press Release 2014
