Shell and Qatar Petroleum to Build Petrochemical Plant

Royal Dutch Shell and state-run Qatar Petroleum have signed a memorandum of understanding to build a $6bn petrochemical project at Ras Laffan Industrial City, Qatar.

The project includes a monoethylene glycol plant with a capacity of up to 1.5 million tons a year by using Shell's OMEGA technology, which is planned to be built by 2016.

The project will also include olefin derivative plants that will yield more than two million tones of finished products.

Currently, Qatar Petroleum and Shell are jointly building Pearl Gas to Liquids and Qatargas 4 LNG plants in Ras Laffan Industrial City.