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QAPCO signs technology agreement with Basell

23
Apr '07
Eng. Mohd Yousef Al-Mulla, General Manager of Qatar Petrochemical Company (QAPCO), a joint venture between Industries Qatar (80%) & Total Petrochemicals of France (20%), has signed a technology license agreement with BASELL Polyolefin GmbH of Germany for its new low Density Polyethylene Plant, LDPE 3, located at Mesaieed Industrial City (MIC), with a capacity of 250 KT (Expandable to 300KT).
Dr. Just Jansz, President of Technology Business, signed the agreement on behalf of Basell Polyolefin Co.

Present at the signing ceremony from QAPCO's side, were Dept managers and officials of QAPCO, Qatar Vinyl Co. (QVC), Qatofin and Total Petrochemicals From Basell's side, Dr. Kaspar Evertz, Senior Vice President Technology Business/Licensing and other officials have attended the function.

The technology license Company “BASELL Polyolefin GmbH” was selected by QAPCO after going through the process of international biding and in conformity with Technical, contractual & other commercial aspects."

Speaking after the agreement signing, Eng. Mohd Al-Mulla said “the investment in LDPE-3 Project has been decided by QAPCO on the basis of excess ethylene available from QAPCO Ethylene Expansion project (EP-2) and also on the basis of additional ethylene likely to be available from Qatofin's share of ethylene in Ras laffan Cracker of 1.3 Million Tonnes after feeding the requirement of its LLDPE plant of the capacity of 450KT."

The LDPE production coming fromnew plant primarily would be sold in Asia and Europe. The project has its own specific features and economies, he said.


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