13-03-2012

QAPCO awards two EPC contracts in excess of QR 600 million to CTCI Corporation

Since its inception in 1979; Qatar Petrochemical Company (QAPCO) has continually invested in advanced petrochemical manufacturing technology, with an aim to meet ever increasing human needs for plastics.

The environmental challenges have pushed petrochemical industry into new horizons, and QAPCO strategy for growth includes increasing production while meeting highest standards of safety & environment in the world.

To achieve this, QAPCO has decided on a project that consists of two phases, adding to its list of successfully completed projects, expansions and modernizations of its main ethylene production facility located in Mesaieed Industrial City. The first phase is aiming to meet the international standards of safety & snvironment by modifying, revamping and changing some technical equipment in the plant.

Phase 1, the new furnaces & ethylene storage tank project, are considered a massive leap in environmental sustainability development at which latest technology in the market is merged with business needs and state-of-the-art environment friendly facilities.

This project will consider latest technology in combustion, waste control and on-line monitoring. The main benefits would be direct and significant reduction in NOx emissions to the air, reuse of Coke inside the furnaces which will prevent soil and air contamination, better efficiency in fuel consumption and improved yield which will improve productivity and as a consequence reduce harmful waste .

It will also be considered as milestone in environment preservation and safety reinforcement in the Mesaieed Industrial City. The new technology will be based on totally greener concept with no fugitive emissions to the environment as well as its capacity to contain any leak in safe and environment friendly way. In addition, phase 1 will enhance production efficiency.

The contract is warded to CTCI at a cost QR 604 million, and with the additional optional requirement of QR 176 million making the total investment cost of Phase 1 ito QR 780 million. The contract was awarded to CTCI based on Qapco’s standard tendering procedures.

The contracts for Phase 1 were signed by QAPCO Vice Chairman & CEO Dr. Mohammed Yousef Al-Mulla, CTCI Chairman & CEO Mr. John T. Yu and IHI Vice President for Plant Engineering Operations Mr. Nitta Masami during a ceremony held in QAPCO’s office at their headquarters in Doha.

The Second phase of this project aims at increasing the overall production to reach between 950,000 MT to 1,000,000 MT yearly of Ethylene. This phase is still under study by QAPCO and will be declared at the proper time for tendering after the approval of the Board of Directors.