Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- QAFAC Signs Contract for Construction of Carbon Dioxide Recovery  Join our daily free Newsletter

MENAFN - Qatar News Agency - 18/03/2012

No. of Ratings : 0
Add to Mixx!


(MENAFN - Qatar News Agency) Board Chairman of Qatar Fuel Additives Company (QAFAC) Hamad Rashid
Al-Muhannadi and Vice President of Mitsubishi Heavy Industries Company Naohito Hoshino today signed a contract for the construction of a unit for the recovery and injection of carbon dioxide to increase the Company's production capacity of methanol by about 250 tonnes.

The signing ceremony was attended by QAFAC General Manager and Board Member Nasser Al-Kuwari and a large number of department managers.

The aim of the new project is to capture carbon dioxide from waste gases emitting from the combustion process resulting from the manufacture of methanol after the separation of carbon dioxide which is used as a feedstock for increasing the production of methanol.

In its first contract with QAFAC, a Mitsubishi subsidiary company, which has already received a license from the World Health Organization (WHO) to build the unit, will carry out procurement and construction work while Mitsubishi will be in charge of all business dealings.

In a speech on the occasion Al Muhannadi said the about USD 80 Million project is aimed at improving the operational environment of the plant and improve the production capacity, adding that QAFAC began a continuous phase of environmental improvements. He said one of the challenges faced by the industry in general is how to reduce greenhouse effect and gas emissions.

QAFAC has deep conviction in the advantages of giving care for environment, Al-Muhannadi said adding that a step in that direction will be the establishment of the project, through which the company plans to capture and restore 500 tonnes of carbon dioxide per day and greenhouse gases that will be injected into the methanol plant.

He explained that when the project is completed, the plant will be one of the largest capture carbon dioxide plants in the world and the first to recover carbon dioxide and which aims at increasing the production of methanol.

Al-Muhannadi stressed that QAFAC will press ahead with the implementation of environmental policies in all its current and future projects and through this environmental project it will be at the forefront of international companies that are reducing carbon dioxide in all production lines, and looks forward to play a leading role in the protection of the environment, while continuing to implement local policies and international standards in this area.

He pointed out that among the invaluable benefits of this agreement is that a number of Qatari students in the development sector will be working side by side with the contractors in Qatar and Singapore "and that will give them experience and additional skills in the area of specialization''.


  MENA News Headlines

Arab Advisors_11th convergence conf



Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help