Qatar to lay foundation of US$3.2 bln Qatofin

17-May-06
May 22 is the date for laying the foundation stone for the $3.2bn Qatofin, a joint venture between Qapco, QP and Total Petrochemicals. The 450,000 tpa capacity plant will place Qatofin as a major global player in linear low density polyethylene production, upon completion by 2008-end. Feedstock will be provided by ethylene from Qatofin's production quota from the Ras Laffan cracker for the plant that will operate on Unipole Polyethylene gas-phase process from Univation Technologies. The product will be marketed in Asia and Europe. Italy's Snamprogetti has bagged the EPC contract, while Archirodon (Greece) has won the contract for the marine works.
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