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ENGC & QAPCO tie up for ethylene transportation
31 Dec '07
4 min read
Qatar Petrochemical Co. (QAPCO) signed on 5th Nov. 2007 a contract of Affreightment (COA) with the gas shipping company "Eitzen Norgas Gas Carriers (ENGC)". The signing Ceremony was held at Four Seasons Hotel in Doha.
The contract was signed on behalf of QAPCO by Dr. Mohd Yousef Al-Mulla, GM of QAPCO and Mr. Abdul Rahman Al-Abdullah, Group Manager, Commercial & Marketing. While on behalf of ENGC, the contract was signed by Mr. TERJE OREHAGEN, PRESIDENT & COO of Norgas Carriers, Mr. ANDERS RASMUSSEN, MANAGING DIRECTOR.
According to this COA contract, ENGC will ship QAPCO's Ethylene expansion Plant's (EP2) products of Ethylene, and ENGC to meet QAPCO's full transportation solution for its ethylene export until end of the year 2008. Taking into consideration that the destinations for QAPCO”s ethylene exports will cover, India, SE Asia and West Europe.
ENGC is a pool established by Eitzen Gas and NGC (Norwegian Gas Carriers) for marine transportation services of petrochemical gases,LPG, ship-to-ship transfer of crude oil etc. ENGC currently operates a fleet of 32 vessels including 30 semi refrigerated ethylene vessels and 2 non-ethylene vessels ranging from 6000 to 12,000 cbm. ENGC boasts one of the leading ethylene transportation service providers in the world. ENGC has dominant presence in the Middle East, handling substantial ethylene business with major petrochemical producers.
Qatar Petrochemical Company (QAPCO), a joint venture between Industries Qatar (IQ) and Total Petrochemical of France, is engaged in the manufacturing of Ethylene, Polyethylene and Sulphur. QAPCO's (EP2) was completed in July 2007, and recently the company resumed its ethylene export operation since October 2007.
The ethylene production capacity has been increased by about 200 KT per year, and accordingly decided to export the surplus ethylene into various international markets. Qapco has potential to export about 120~ 140 KT per year and to transport this volume into various customer base, it needs about 25~30 shipments per year.
The contract was signed on behalf of QAPCO by Dr. Mohd Yousef Al-Mulla, GM of QAPCO and Mr. Abdul Rahman Al-Abdullah, Group Manager, Commercial & Marketing. While on behalf of ENGC, the contract was signed by Mr. TERJE OREHAGEN, PRESIDENT & COO of Norgas Carriers, Mr. ANDERS RASMUSSEN, MANAGING DIRECTOR.
According to this COA contract, ENGC will ship QAPCO's Ethylene expansion Plant's (EP2) products of Ethylene, and ENGC to meet QAPCO's full transportation solution for its ethylene export until end of the year 2008. Taking into consideration that the destinations for QAPCO”s ethylene exports will cover, India, SE Asia and West Europe.
ENGC is a pool established by Eitzen Gas and NGC (Norwegian Gas Carriers) for marine transportation services of petrochemical gases,LPG, ship-to-ship transfer of crude oil etc. ENGC currently operates a fleet of 32 vessels including 30 semi refrigerated ethylene vessels and 2 non-ethylene vessels ranging from 6000 to 12,000 cbm. ENGC boasts one of the leading ethylene transportation service providers in the world. ENGC has dominant presence in the Middle East, handling substantial ethylene business with major petrochemical producers.
Qatar Petrochemical Company (QAPCO), a joint venture between Industries Qatar (IQ) and Total Petrochemical of France, is engaged in the manufacturing of Ethylene, Polyethylene and Sulphur. QAPCO's (EP2) was completed in July 2007, and recently the company resumed its ethylene export operation since October 2007.
The ethylene production capacity has been increased by about 200 KT per year, and accordingly decided to export the surplus ethylene into various international markets. Qapco has potential to export about 120~ 140 KT per year and to transport this volume into various customer base, it needs about 25~30 shipments per year.
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