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Tribune News Network
Doha
The board of directors of Industries Qatar (IQ) has approved the award of an engineering, procurement, construction (EPC) contract for a new Polyvinyl Chloride (PVC) plant by its indirect joint venture Qatar Vinyl Company (QVC) with a total contract value of $239 million.
QVC is a joint venture between Qatar Petrochemical Company (Qapco) with 31.9 percent stake, Mesaieed Petrochemical Holding Company (MPHC) with 55.2 percent stake and QatarEnergy with 12.9 percent stake. Qapco is a joint venture, wherein, IQ owns 80 percent of the shares.
The new PVC plant’s construction is expected to be completed by mid-2025. The plant targets a nameplate capacity of 350,000 metric tonnes per annum of Suspension PVC (S-PVC).
The new plant will be integrated with the existing QVC facilities, located at Mesaieed Industrial City, and will source feedstock like Vinyl Chloride Monomer (VCM) from the existing facilities.
The new plant will further maximise synergies on account of efficient water and power usage and existing supply chain capabilities while assuring sustainable operations.
Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in PVC production, while reinforcing the downstream value chain. The plant will not only boost private sector industrial investments, but also provides a home-grown source of PVC and expands the economic potential of local industries.
The new PVC plant aims to meet the growing demand in the PVC-consuming industries, such as the construction industry. PVC produced at the new plant is expected to meet the domestic market demand and provide opportunities to export internationally.
PVC as a product can be handled, stored and shipped safely and seamlessly; and could be coupled with other similar products produced in Qatar to provide opportunities for optimised logistical cost structures.
The launch of a new PVC plant, with IQ’s indirect ownership in QVC, will improve IQ’s strategic positioning in the downstream sector while enhancing its shareholder value. The project aims to create competitive and sustainable PVC production facilities that will further consolidate IQ’s industrial output, while building strength through operational excellence and responsible growth, and diversifying its reach to newer markets.
Meanwhile, the board of directors of Mesaieed Petrochemical Holding Company (MPHC) also approved the award of an engineering, procurement, construction (EPC) contract for a new Polyvinyl Chloride (PVC) plant by its joint venture Qatar Vinyl Company (QVC) with a total contract value of $239 million.
QVC is a joint venture between MPHC with 55.2 percent stake, Qatar Petrochemical Company (Qapco) with 31.9 percent stake and QatarEnergy with 12.9 percent stake.
The launch of a new PVC plant will improve MPHC’s strategic positioning in the downstream sector while enhancing shareholder value. The project aims to create competitive and sustainable PVC production facilities that will further consolidate MPHC’s industrial output, while building strength through operational excellence and responsible growth, and diversifying its reach to newer markets.
Doha
The board of directors of Industries Qatar (IQ) has approved the award of an engineering, procurement, construction (EPC) contract for a new Polyvinyl Chloride (PVC) plant by its indirect joint venture Qatar Vinyl Company (QVC) with a total contract value of $239 million.
QVC is a joint venture between Qatar Petrochemical Company (Qapco) with 31.9 percent stake, Mesaieed Petrochemical Holding Company (MPHC) with 55.2 percent stake and QatarEnergy with 12.9 percent stake. Qapco is a joint venture, wherein, IQ owns 80 percent of the shares.
The new PVC plant’s construction is expected to be completed by mid-2025. The plant targets a nameplate capacity of 350,000 metric tonnes per annum of Suspension PVC (S-PVC).
The new plant will be integrated with the existing QVC facilities, located at Mesaieed Industrial City, and will source feedstock like Vinyl Chloride Monomer (VCM) from the existing facilities.
The new plant will further maximise synergies on account of efficient water and power usage and existing supply chain capabilities while assuring sustainable operations.
Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in PVC production, while reinforcing the downstream value chain. The plant will not only boost private sector industrial investments, but also provides a home-grown source of PVC and expands the economic potential of local industries.
The new PVC plant aims to meet the growing demand in the PVC-consuming industries, such as the construction industry. PVC produced at the new plant is expected to meet the domestic market demand and provide opportunities to export internationally.
PVC as a product can be handled, stored and shipped safely and seamlessly; and could be coupled with other similar products produced in Qatar to provide opportunities for optimised logistical cost structures.
The launch of a new PVC plant, with IQ’s indirect ownership in QVC, will improve IQ’s strategic positioning in the downstream sector while enhancing its shareholder value. The project aims to create competitive and sustainable PVC production facilities that will further consolidate IQ’s industrial output, while building strength through operational excellence and responsible growth, and diversifying its reach to newer markets.
Meanwhile, the board of directors of Mesaieed Petrochemical Holding Company (MPHC) also approved the award of an engineering, procurement, construction (EPC) contract for a new Polyvinyl Chloride (PVC) plant by its joint venture Qatar Vinyl Company (QVC) with a total contract value of $239 million.
QVC is a joint venture between MPHC with 55.2 percent stake, Qatar Petrochemical Company (Qapco) with 31.9 percent stake and QatarEnergy with 12.9 percent stake.
The launch of a new PVC plant will improve MPHC’s strategic positioning in the downstream sector while enhancing shareholder value. The project aims to create competitive and sustainable PVC production facilities that will further consolidate MPHC’s industrial output, while building strength through operational excellence and responsible growth, and diversifying its reach to newer markets.
