This agreement follows the conclusion of a joint feasibility study conducted by the partners, Qatar Petroleum and Shell.
The companies will build a mono-ethylene glycol plant with a capacity of up to 1.5 million tonnes per year using Shell’s proprietary OMEGA technology and other olefin derivatives.
It will include a world-scale steam cracker, with feedstock coming from natural gas projects in Qatar, 300 kilo tonnes per annum of linear alpha olefins using Shell’s proprietary SHOP (Shell Higher Olefin Process).
The complex will produce cost-competitive petrochemicals products to be marketed primarily into Asian growth markets.
Qatar Petroleum will have an 80% equity interest in the project and Shell 20%.
Shell CEO Peter Voser said that this new project will mark the beginning of another partnership with Qatar Petroleum for the development of a world-scale petrochemicals project in Qatar.
Qatar Petroleum and Shell have delivered Pearl Gas-to-Liquids (GTL) and Qatargas 4 this year; two of the world’s largest projects built in Ras Laffan Industrial City.
