Qatar, Shell ink agreement to build US$6.4 bln petrochem plant

Qatar Petroleum and Shell have inked an agreement to build a petrochemical complex in Qatra at an investment outlay of US$6.4 bln. Qatar Petroleum will hold an 80% equity interest in the project and Shell will hold the balance 20%. A joint feasibility study has been conducted by the two partners. The scope under consideration includes a world-scale steam cracker, with feedstock coming from natural gas projects in Qatar, a mono-ethylene glycol plant of up to 1.5 mln tpa, 300,000 tpa linear alpha olefins plant and an olefin derivative plant.
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