The signing of the FEED contract with Tecnimont SpA marks a strategic milestone for the progress of the mega-petrochemical complex, in which QP and QAPCO own respectively 80% and 20% equity interest. The project scheduled for completion in 2018, will feature one of the world’s largest mixed-feed steam crackers, and is designed to produce 2.2 million MTPA of polymers, including PE and PP resins.
H.E. Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry stressed that Al Sejeel Petrochemical Complex will strengthen Qatar’s position as a leading global petrochemical producer.
Dr. Al-Sada said “this project is aligned with the principles of the Qatar National Vision 2030, as launched and guided by His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar. We are committed -more than ever- to the accomplishment of our growth objectives, and to meeting our economic needs while safeguarding the requirements of future generations.” He said “today is a clear demonstration of such a commitment.”
“It is the vision of our leadership to harness the tremendous potential of the petrochemical sector, and to embark on a large-scale expansion of our downstream industry. To this end, we aim to raise our petrochemical output to 23 million MTPA by 2020, thus supporting the growth and diversification of the Qatari economy. This will increase the universal reach of value-added “Made in Qatar” product portfolio across the globe,” Dr. Al-Sada added.
Al Sejeel Petrochemical Complex will surely be unique in terms of its feedstock, as it will assure production efficiency and access to a steady supply of critical chemical building blocks while increasing its global competitiveness.
During the signature of the FEED contract Mr. Hamad Rashid Al Mohannadi, Chairman of QAPCO stated “We have witnessed the tremendous progress achieved by our petrochemical industry, resting on the capabilities and skills developed by local talent. Today, Qatari leadership is the driving force of Al Sejeel, which makes the project truly special as it is the first time that two Qatari companies will develop together a complex of this scale. Al Sejeel has become a national symbol and I take great pride in this groundbreaking achievement.”
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