OREANDA-NEWS. Industries Qatar announced the official launch ceremony of the QR 145.5 million carbon dioxide recovery plant of the group’s fuel additive joint venture, Qafac. As previously communicated, the plant commenced operations in the third quarter of 2014, and is the largest of its kind for methanol production in the world. It 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 PA. It is also noteworthy that the plant was commissioned two months ahead of schedule. Management and staff of Qafac should be congratulated on this tremendous achievement, and the group looks forward to the facility positively contributing to the group’s future earnings.