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Chevron Phillips, Qatar to Build Mideast's Top Ethylene Plant

  • Qatar Petroleum will own 70% of joint venture: CEO Al-Kaabi
  • Plant to make key plastics ingredient as Qatar expands in LNG
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Chevron Phillips Chemical Co. will help gas-rich Qatar build the Middle East’s largest plant for production of ethylene, a key ingredient in plastics.

Qatar Petroleum chose Chevron Phillips Chemical as its partner in a joint venture to produce as much as 1.9 million tons a year of ethylene, Saad Sherida Al-Kaabi, QP’s chief executive officer, said in Doha. The venture will process the chemical from ethane, a natural gas liquid, pumped at Qatar’s giant North Field.