Skip to content Skip to Search
Skip navigation

QatarEnergy breaks ground on $6bn ethylene complex

QatarEnergy ethylene Emir Sheikh Tamim bin Hamad Al Thani QatarEnergy
Qatar Emir Sheikh Tamim bin Hamad Al Thani laying the foundation stone for the Ras Laffan Petrochemical Complex

QatarEnergy has broken ground on the $6 billion Ras Laffan petrochemical complex as part of its downstream expansion strategy.

The state-owned Qatari energy firm had signed a final investment decision on the complex with its partner Chevron Phillips Chemical in January last year.

The complex will house an ethane cracker with a capacity of 2.1 million tonnes per annum of ethylene, making it the largest in the world, and raising the Gulf nation’s ethylene production capacity by more than 40 percent.

The project includes two polyethylene trains with a combined annual output of 1.7 million tonnes of high-density polyethylene polymer products, raising overall production by about 50 percent.

QatarEnergy holds an equity share of 70 percent in the Ras Laffan petrochemical complex, with Chevron Phillips Chemical owning the remaining 30 percent.

The project’s construction, operation, and technology standards are all designed to ensure energy savings, and significantly reduce emissions and hydrocarbon waste compared with similar global facilities, said Saad Al-Kaabi, CEO of QatarEnergy.

Al-Kaabi said that the $8.5 billion Golden Triangle polymers plant in Texas, developed in partnership with Chevron Phillips Chemical, will become operational in 2026.

Earlier this month, QatarEnergy awarded contracts worth $6 billion for the third development phase at its largest oilfield, Al Shaheen.

Qatar, the world’s third-largest LNG exporter, is increasing its output from 77 million tonnes per year to 126 million by 2027

Latest articles

Tourism to contribute $64bn to UAE’s economy in 2024

The tourism sector’s contribution to the UAE’s economy is expected to reach AED236 billion ($64 billion) in 2024, accounting for 12 percent of the overall GDP, a senior government official has said.  The sector contributed AED220 billion to the GDP last year, accounting for almost 12 percent of the overall economy, Khaled Al Midfa, chairman of Sharjah […]

Indoors, Restaurant, Cafeteria

Hong Kong’s airport lounge operator targets Saudi expansion

Hong Kong’s airport lounge operator, Plaza Premium Group (PPG), has earmarked $100 million to expand across the Middle East, focusing on Saudi Arabia. The regional expansion is part of its three-year $300 million global expansion plan. The funds will be allocated to opening lounges, establishing an airport concierge service with white-glove service, opening innovative dining outlets and exploring […]

Russians Turkey Istanbul Bridge

Russians rush from Turkey as costs and restrictions bite

Rising costs, increased difficulties in obtaining residency permits and tighter enforcement of restrictions on the number of foreign nationals who can live in popular regions are prompting an exodus of Russian citizens from Turkey.  The number of Russian nationals holding Turkish residence permits has plunged to just over 96,000 as of May 16, down from […]