|

Qatar to invest $ 25bn for boosting petrochemical industry

Qatar is planning to inject $25bn to enhance the performance of its domestic petrochemical industry over the next decade.
According to Qatari energy minister Mohammed Al-Sada, the Gulf country is also looking forward to more than doubling its annual petrochemical production capacity from 9.2 million tons now to 23 million tons by 2020.
Qatar, the world’s biggest LNG exporter, is building with Shell a $6.4bn petrochemicals complex in the Ras Laffan industrial city. The plant is expected to produce 1.5 million tonnes of mono-ethylene glycol per year and 300,000 tonnes of linear alpha olefin. Its output is destined for export to Asian markets.

Short URL: https://me-confidential.com/?p=2709

Posted by on Jan 30 2012. Filed under Energy, Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments are closed

Recently Commented

  • Badia Ouadi: What about the 20/20 vision for tourism which HRH has endorsed Himself? There are hundreds of western...
  • Achraf: Wise words from a wise king. And dont forget to work hand in hand. Stability Will be à important factor
  • Mehmet: Erdogan and the Turkish government become more pathetic and miserable and unrealistic day by day.
  • Telh: Israel should take a leaf out of their book.
  • Gemma: Well on this task Jordan gets a big fat F! We need to find a more competent custodian before Al Aqsa is lost...