Qatar Pe­tro­leum plans new world-scale eth­ane cracker

Oil and Gas - - REGIONAL NEWS -

Qatar Pe­tro­leum has an­nounced that it has in­vited a group of lead­ing in­ter­na­tional com­pa­nies, with ex­ten­sive ex­pe­ri­ences in the petro­chem­i­cals in­dus­try, to sub­mit pro­pos­als for part­ner­ing with QP in the de­vel­op­ment/ op­er­a­tion of a new world scale petro­chem­i­cals com­plex at Ras Laf­fan In­dus­trial City.

The petro­chem­i­cals com­plex will in­clude an eth­ane cracker with a ca­pac­ity of more than 1.6 mil­lion tons per year of eth­yl­ene, mak­ing it the largest eth­ane cracker in the Mid­dle East, and one of the largest in the world. The petro­chem­i­cals com­plex will also in­clude world-class de­riv­a­tive plants.

The en­gi­neer­ing de­sign of the com­plex should com­mence shortly, lead­ing to a planned start-up in 2025.

Com­ment­ing on the an­nounce­ment, Wood Macken­zie’s Prin­ci­pal An­a­lyst, Pa­trick Kirby, said, “The global eth­yl­ene mar­ket con­tin­ues to demon­strate ro­bust growth and new sup­ply is needed to meet fu­ture de­mand. Beyond ex­ist­ing, firm and likely eth­yl­ene ca­pac­ity, we see a fur­ther 65 mil­lion tons of new ca­pac­ity is needed by 2035 just to meet base de­mand. This equates to around 4-5 world­scale steam crack­ers be­ing brought on­line ev­ery year. This project, if com­menced, would take Qatar’s to­tal name­plate eth­yl­ene ca­pac­ity to over 4.5 mil­lion tons – a more than 50 per­cent in­crease from the cur­rent level.”

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