01/31/2014

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QATAR: Mesaieed Petrochemical launches IPO for 26 % interest to Qatari nationals

MPHC, a holding entity for Q-Chem I, Q-Chem II and Qatar Vinyl Co. (QVC), hopes to raise up to 3.23-billion Qatari riyals in the sale, which will run until 21 Jan. 2014.

Q-Chem I is a producer of medium- and high-density polyethylene and 1-hexene, Q-Chem II produces high-density polyethylene and normal alpha olefins, and QVC produces caustic soda, ethylene dichloride and vinyl chloride monomer.

Source: Weekly "PetroChemical News", Durham, NC, USA; 6 Jan 2014
(Syed Rashid Ali, Karachi, Pakistan)

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