Qatar Petroleum and Shell Chemicals Enter into Joint Venture
Mar 30 14
Al-Karaana Petrochemical Complex is a proposed olefins and derivatives plant, which will be located at Ras Laffan Industrial City in northern Qatar. The project is being developed by a joint venture (JV) of Qatar Petroleum (BP), which holds an 80% share in the project, and Shell, holding the remaining 20% share. The BP-Shell JV is expected to invest $6.4 billion for the construction of the petrochemicals plant. The Front-End Engineering and Design (FEED) works for the complex are being carried out by Fluor. The JV had completed the selection of key technologies for its derivatives processes, even before the announcement of the FEED contractor in February 2013. The new complex is expected to come online in 2018. The main component of the project is the construction of a mono-ethylene glycol (MEG) plant. The contract to develop a basic engineering package (BEP) which covers the FEED work for the MEG plant was awarded to Foster Wheeler's subsidiary Global Engineering and Construction Group in September 2012. The products from the complex will primarily be targeted for the Asian markets. The project will comprise of constructing and installing the equipment for a steam cracker, a mono-ethylene glycol (MEG) plant comprising of two trains, a linear alpha olefin (LAO) unit and an oxo alcohols (OXO) unit. MEG is used as an ingredient for polyester fibres and film, polyethylene terephthalate (PET) resins and engine coolants. LAO is used in the manufacturing of plasticisers and detergents. OXO derivatives are used in the automotive, construction, cosmetics and pharmaceutical industries. The complex, on its commissioning, will be capable of processing 1.1 million tonnes per year (mtpa) of ethylene, 170,000mtpa of propylene, 1.5mtpa of MEG, 300,000mtpa of LAO and 250,000mtpa of OXO.