The new Al Karaana petrochemicals project - a 80:20 joint venture of Qatar Petroleum and Shell - is eyeing Asian markets to a great extent for its 2 mln tpa production. The estimated US$6.5 bln project, currently in the FEED phase being conducted by Fluor, will now embark on the next stage of engineering, procurement and construction (EPC). The project is also considering a mix of conventional bank loans and Islamic financing.
Al-Karaana comprises a steam cracker, 1.5 mln tons of mono ethylene glycol, 300 mln tons of linear alpha olefin and another 250 mln tons of oxo alcohol. The steam cracker will be supplied feedstock from natural gas projects in Qatar. The mono-ethylene glycol plant, the world’s largest of its kind, and linear alpha olefin unit will use Shell’s proprietary MEGA and higher olefins process technologies respectively; whereas oxo alcohol uses Mitsubishi Chemical Corp’s OXO T-Process technology.
19-Mar-14 
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