(MENAFN - Qatar News Agency) HE the Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada has said that the total cost of the QAPCO's third low-density polyethylene plant, LDPE 3, is estimated at QR 2.3 billion.
Speaking at a press briefing following the launch of the LDPE3, HE Dr. Al Sada said: "This modern facility is a direct and physical manifestation of Qatar's National Vision 2030, guided by the country's wise leadership.
"While Qatar is blessed by plentiful natural resources, it is the value that is created by processing the raw products that moves the country towards its economic diversification goals in the coming decades. On a national level, the country and its people can be proud that with LDPE 3, we continue to reinforce Qatar's position as not only a regional industrial power, but also a global one.
"With the launching of LDPE 3 and plans to develop other petrochemical plants, Qatar is set to join the exclusive club of major petrochemical producers and exporters".
QAOPCO's LDPE 3 puts the nation at the center of the global petrochemical industry. At peak capacity, the facility will be able to produce 300.000 metric tons of low density polyethylene per year, combined with QAPCO's existing LDPE facilities, this pushes up the country's output to 700.000 metric tons LDPE per annum, His Excellency added.
"For nearly three decades, QAPCO has been at the forefront of Qatar's industrial output," said QAPCO's Chairman, Hamad Rashid Al Mahanadi.
"The LDPE 3 facility is another step in our development plans to span the next several years. As we have delivered excellence in past more than thirty years, we will continue to deliver for the next thirty years and beyond."
Currently, QAPCO's manufacturing facilities consist of an 800 KTPA (kilo-ton per annum) ethylene plant, a 70 KTPA sulfur processing facility, and two existing LDPE plants with total production capacity of 400 KTPA.
And after LDPE 3 came fully online, that is designed to take advantage of the company's excess ethylene feedstock, it will be able to produce an additional 300.00 metric tons of LDPE per year; thus increasing QAPCO's annual production of LDPE to 700.000 metric tons per annum.
With the plans for developing LDPE 3 set in motion in 2002, construction was initiated in 2009 when HH the Heir Apparent, Sheikh Tamim Bin Hamad Al Thani, laid down the foundation stone for the facility.
The EPC (engineering, procurement, and construction) contract was awarded to Germany's Udhe, a company renowned for designing and building chemical complex plants all over the world. In addition, the technology is licensed by Bassel, another global gain in the sector.
The facility was built at a cost of 2.3 billion Qatari riyals, which included the migration of the control centers from the two existing QAPCO facilities in to one central control room.
"At QAPCO, we are driven by our mission to become a regional petrochemical contender," said Dr. Mohammed Yousef Al-Mulla, QAPCO's Vice chairman and Chief Executive Officer. "To fulfill this , we pay attention to every detail. From a technological, environmental, and industrial perspective, LDPE 3 is, in essence , a perfect work of art.
LDPE 3 also meets the stringent environmental standards as set forth by Qatar's Ministry of Environment. No run off flows into the clear waters of the coast of Mesaieed, and additionally, heat produced at the plant is recycled for heating and power. Safety regulations were especially adhered to, with a milestone 12.7 man-hours with no loss time recorded.
Designed to exploit QAPCO's available surplus feedstock coming from its other facilities, LDPE 3's products will be sold in international markets under the brand name "Loterne' - a name customer's associate with quality and excellence.
QAPCO,s industrial clients will benefit from the facilities'' premium low density polyethylene, the raw material used in everything from packaging films, agricultural film, extrusion and coating lamination film, high clarity film, injection molding, pipes, cables, wires, and other related products.