The complex, expected to begin production in 2026, includes an ethane cracker with a capacity of 2.1 million tonnes of ethylene per year.
Originally announced in 2019, the project highlights how Middle East oil producers are expanding further into petrochemicals, used in the production of plastics and packaging materials, to move into new markets and find new sources of income beyond exporting crude oil and natural gas. Qatar, one of the world's top producers of liquified natural gas , will see its ethylene production capacity double on the back of the new complex. Local polymer production will also increase from 2.6 million to 4 million tonnes per annum.
chevronphillips Because of course they did :( :( :(
Отличная новость. Чьей станет Донецко-Днепровская впадина после освобождения Украины, тот превзойдёт эти результаты.
Did they get the memo on climate change? This may not be the profitable business venture they think it is. The demand for fossil fuel will fall during the lifetime of this project, forcing prices to decline. Don’t think they thought this out.
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Source: Reuters - 🏆 2. / 97 Read more »