28/01/2015

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QATAR: Qatar Petroleum & Shell drop plans for proposed Al-Karaana petrochemical project

The companies explained that they have decided to stop further work on the project after a "careful and thorough evaluation of commercial quotations from engineering, procurement and construction bidders, which showed high capital costs, rendering it commercially unfeasible, particularly in the current economic climate prevailing in the energy industry." The complex, which was to be owned 80% by QP and 20% by Shell, included plans for a world-scale steam cracker, a 1.5-million-t/y monoethylene glycol unit, a 300,000-t/y linear alpha olefins facility, and a 250,000-t/y oxo alcohol plant. Completion was planned for 2018. Separately, QP said it is conducting feasibility studies to assess utilizing the ethane feedstock made available after the decision not to go ahead with the Al-Karaana petrochemicals project. QP, Qatar Petrochemical Co., Qatar Chemical Co. and Ras Laffan Olefins Co. will carry out the studies "with the aim to expand and further develop the petrochemical plants under Industries Qatar and Mesaieed Petrochemical Holding." Source: Weekly "PetroChemical News", Durham, NC, USA; 19 Jan 2015
(Syed Rashid Ali, Karachi, Pakistan)

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