Qapco ships 1st cargo of EP2 to Indian Finolex

23 Oct '07

3 min read

Due to the constant efforts, wise vision and continual support from the chairman of Board Directors of Qatar petrochemical Co. (QAPCO), HE Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industries, and VC Chairman of Board of Directors, and due to the necessity of utmost utilization and investment of the available hydrocarbon resources for the development of economy in the state of Qatar, Qatar petrochemical Co. (QAPCO) has inaugurated the first ethylene cargo of the Ethylene Expansion project (EP2) to FINOLEX Industries of India.

EP2 project is to increase the ethylene capacity from 535 KTA to 720 KTA.

QAPCO has celebrated this event at its premises in Mesaieed Industrial City (MIC). Present were Dr. Mohd Yousef Al-Mulla, GM of QAPCO, Mr. Mohd Jassim Al-Baker, QAPCO's board member, group managers of QAPCO and officials from Qatar Vinyl (QVC), and a representative of the shipping line.

From Finolex, present were Mr. Prakash Chahbria, Deputy Managing Director of Finolex, and Mr. Dhonorkar, Deputy GM.

The first ethylene cargo to Finolex consists of 4500 KTA, as Qatar Petrochemical Company has signed a contract with it for the annual sale of 22,500 metric tonnes (MT) of Qapco's ethylene and between 40,000MT and 60,000MT of Qatar Vinyl Company's ethylene dichloride (EDC) and vinyl chloride monomer (VCM). According to this contract, supplies will begin from now until December 31, 2009.

In his speech,Dr. Al-Mulla said he was delighted to celebrate the first ethylene cargo of EP2 to Finolex of India.

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