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Materia & QAPCO sign MoU on next-gen material development
02
Jun '14
As Qatar continues to grow its energy and industrial sectors, and attempts to further optimize its hydrocarbon resources utilization, research and innovation are set to propel the future success of these sectors. Research will support the development of new products using Qatar’s existing feedstock and natural resources and opens the door to new uses for energy products and derivatives such as petrochemicals.
 
To further this goal, Materia, Inc. (Materia) and Qatar Petrochemical Company (QAPCO) have forged a partnership, through a Memorandum of Understanding (MoU), to further reinforce their collaborative R&D efforts, and to study the development of the next generation of materials produced from Qatar’s existing feedstocks. Materia’s expertise and breakthrough catalyst technology combined with QAPCO resources will provide for the development of new products.
 
Materia specializes in efficient feedstock utilization and the extraction of specific petrochemical and chemical compounds thanks to its unique and innovative technology. Together, they will explore the possibilities to further optimize the use of Qatar’s natural resources, by studying how to extract new products from QAPCO’s current feedstock, with the aim to maximize the value related to QAPCO’s existing processes.
 
Sustainability oriented research is part of QAPCO’s commitment to improve both the impact of its processes, by focusing on the optimum use of feedstock, and of its products, by generating new applications. Through collaboration with local and international partnerships, QAPCO’s R&D team is digging deep into the potential applications for its petrochemical products now and into the future.
 
Dr. Mohammed Yousef Al Mulla, Vice Chairman and CEO of QAPCO stated: “Joint industry-academia R&D, such as our collaboration with Materia and Texas A&M at Qatar, is very promising and paves the way to infinite possibilities while supporting the growth of Qatar’s knowledge-based economy. Collaborating with some of the world’s leading experts on research projects focusing on olefins, polymers and petrochemicals has the potential to add further value to our feedstock, which could be strongly beneficial for QAPCO and ultimately for the hydrocarbon resources of the State.”
 
Dr. Michael A. Giardello, Materia’s President, CEO & CTO stated, “This envisioned collaboration should enable QAPCO to extract greater value from some of its by-product streams, therefore unlocking greater value from Qatar’s natural resources thanks to Materia’s unique and advanced technologies.”


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