Doha -- Qatar Petroleum and Shell have agreed to jointly assess developing a major petrochemicals complex, including a mono-ethylene glycol (MEG) plant in Ras Laffan Industrial City, Qatar.
A memorandum of understanding agreement was signed in Doha by His Excellency Abdulla bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar, and Peter Voser, chief executive officer of Shell.
The project would include a MEG plant of up to 1.5 million tonnes per annum using Shell's proprietary OMEGA (Only MEG Advantaged) technology. It also covers other olefin derivatives. to yield over 2 million tonnes of finished products, said the statement, giving no further details of specific products.
The Minister said: "Together with Shell we aim to study and develop a major petrochemical complex which aligns with our plans of increased petrochemical production and diversification of our product portfolio."
Peter Voser said the project "will combine Shell's experience and technology with the ambition of the State of Qatar to create further value from its natural gas resources."
In Qatar, the partners are already building jointly Pearl Gas to Liquids (GTL) and Qatargas 4 LNG, two of the largest projects in the world in Ras Laffan Industrial City.