HomeNewsQatarEnergy and Chevron Phillips Chemical Make a $6 Billion FID for the Ras Laffan Petrochemical Complex in Qatar

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QatarEnergy and Chevron Phillips Chemical Make a $6 Billion FID for the Ras Laffan Petrochemical Complex in Qatar

1/9/2023

In early January 2023, QatarEnergy announced that it had made a Final Investment Decision alongside Chevron Phillips Chemical (CPChem) to build the Ras Laffan Petrochemicals Complex in Qatar for $6 billion dollars. QatarEnergy stated that this is the largest petrochemical investment in Qatar that they have ever made. The Ras Laffan Petrochemical Complex is being developed to produce 2.1 million tons of ethylene annually in 2026, along with 1.7 million tons annually of high-density polyethylene (HDPE) through twin HDPE units. Qatar Energy Minister Saad Sherida Al-Kaabi stated that “This marks QatarEnergy’s largest investment ever in Qatar’s petrochemicals sector and the first direct investme

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