Home / Knowledge / News / Textiles / Industries Qatar installs CO2 recovery plant
Industries Qatar installs CO2 recovery plant
30
Sep '14
Following completion of installation of the QR 145.5 million CO2 recovery plant of Industries Qatar at its fuel additive joint venture, Qafac, the petrochemical producer said methanol production would boost by 46,000 MT per annum.

In a statement, Industries Qatar said this CO2 recovery plant is the largest of its kind for methanol production in the world, and is designed to capture over 500 MT per day of carbon dioxide and utilise it in the production of methanol.

“The plant is expected to not only reduce Qafac’s greenhouse gas emissions, but simultaneously boost the group’s production of methanol by circa 46,000 MT per year”, the company added.

Revenue for the six months period ended June 30, 2014 at Industries Qatar, one of the region’s industrial giants with interests in the production of a wide range of petrochemical, fertiliser and steel products rose to QR 3.1 billion or a year-on-year hike of 1.6%.

Consolidated EBITDA in the same period totalled QR 2.9 billion, a decrease of QR 1.9 billion, or 37.2%, in the same period of 2013, and a QR 0.3 billion, or 20.9%, drop in the second quarter ending June 30, 2014, over the previous quarter.

Net profit for the first half of 2014 was QR 2.8 billion, a decrease of QR 1.7 billion or 37.2%, against the corresponding period of 2013.

Petrochemical sales for the first six months of 2014 were QR 2.9 billion against QR 3.3 billion from a year earlier, down QR 0.4 billion or 11.4%, primarily due to extensive, planned shut-downs across all plants within the segment. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Tough for Vietnamese firms to follow EVFTA rules of origin

Though Vietnamese textile and garment firms are aware of the...

Interviews View All

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search