Al-Karaana to boost Qatar’s petrochemical capacity by 25%

24-Mar-14

The Al-Karaana project, an 80:20 joint venture between Qatar Petroleum and Shell Petrochemicals, is scheduled for completion by 2018 and will comprise a steam cracker, a 1.5 mln tpa mono ethylene glycol plant, a 300 tpa linear alpha olefin unit and a 250 mln tpa oxo alcohol unit. To be built at an investment outlay of US$6.5 bln, the petrochemical complex is expected to increase Qatar’s petrochemical production capacity by 25%, according to a Gulf Times report. The is to be fully integrated with other projects and the steam cracker at the petrochemical complex would use feedstock from natural gas projects in Qatar. The project is considering a mix of conventional bank loans and Islamic financing for the project, which is now in the midst of FEED phase, and will now embark on the next stage of engineering, procurement and construction (EPC).