OREANDA-NEWS. Mesaieed Petrochemical HoldingCompany issued a brief statement confirming that in a step aimed at strengthening the petrochemical industry in the State of Qatar, Eng. Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum, said that the company is conducting a number of detailed feasibility studies in order to take advantage of the ethane feedstock available following the decision not to proceed with the proposed Al-Karaana Petrochemical Project.

These studies will be conducted in collaboration with Qatar Petrochemical Company Limited QSC (“Qapco”), Qatar Chemical Company Limited (“Q-Chem”), and Ras Laffan Olefins Cracker Company Limited (“RLOC”), in order to develop and expand the number of petrochemical plants with beneficial returns for these companies, and to the petrochemical sector in general.

This important step stems from the keenness of Qatar Petroleum to maximise the benefit from the natural resources of the State, especially in the petrochemical sector, and to contribute to the national industry and the important role they play in providing support to the national economy. Based on the evaluation of the results of these studies, which will be based on technical and economic grounds, the best options will be selected in order to achieve the maximum economic benefit for the benefit of the State and the shareholders of these companies in the long term.

Eng. Saad Sherida Al-Kaabi confirmed that this approach will contribute to better integration, and will take advantage of the facilities and the existing infrastructure in the petrochemical sector, which should significantly aid in the reduction of capital and operating costs for existing and new projects.