QatarEnergy announced on Sunday the final investment decision on the $6 billion Ras Laffan Petrochemicals Complex with partner Chevron Pillips Chemical which is expected to be the largest of its kind in the Middle East.
The complex, expected to begin production in 2026, includes an ethane cracker with a capacity of 2.1 million tonnes of ethylene per year.
Originally announced in 2019, the project highlights how Middle East oil producers are expanding further into petrochemicals, used in the production of plastics and packaging materials, to move into new markets and find new sources of income beyond exporting crude oil and natural gas. Qatar, one of the world's top producers of liquified natural gas , will see its ethylene production capacity double on the back of the new complex. Local polymer production will also increase from 2.6 million to 4 million tonnes per annum.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
QatarEnergy, Chevron Phillips sign agreement for $6 bln Ras Laffan PetrochemicalsQatarEnergy chief Saad al-Kaabi announced on Sunday the final investment decision on the $6 billion Ras Laffan Petrochemicals Complex alongside its partner in the project Chevron Pillips Chemical.
Lire la suite »
Bank of America downgrades Chevron, calls energy stock a 'victim of its own success'The firm warned gains could be limited as oil cools.
Lire la suite »
Here are Friday's biggest analyst calls of the day: Apple, Amazon, Chevron, Boeing, Netflix & moreAnalyst call of the day for CNBCPro subscribers: Morgan Stanley reiterates Apple as overweight and says it sees an “attractive entry point” for the iPhone maker. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Lire la suite »
Crew set to fly on Boeing Starliner add final touches to mission patchThe color orange and the marbled blue Earth each symbolize aspects that are personal to the NASA astronauts who are set to launch on Boeing's Starliner spacecraft for the first time.
Lire la suite »
Mike White out for Jets finale in final quarterback twist of seasonMike White has been ruled out of Sunday’s season finale against the Dolphins because of a rib injury, meaning Flacco will get the start with Zach Wilson backing him up.
Lire la suite »
One Piece Odyssey Producer Shares Final Update Before Demo, Full ReleaseOne Piece Odyssey's demo is releasing soon. Here's one final update from the game's producer before that happens:
Lire la suite »