Work on Qatar-based multi-billion petrochem complex stalled

31-Dec-08
The work on Qatar-based massive petrochemical complex planned by a 70:30 joint venture between Qatar Holding and Korea's Honam Petrochemicals has been stalled owing to global financial whirlwind. The project to be based in Mesaieed, Qatar was initially proposed to take off full operations by 2012; however, the halt of work will lead to further postponement of the complex set to have 1.7 mln tpa production capacity for propylene, polypropylene, styrene, polystyrene and aromatics (xylene). The project will be the very first complex in nation to source Qatar-based operating Mesaieed and Ras Laffan complexes.
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