Industries Qatar (IQ) and Mesaieed Petrochemical Holding (MPHC) have given their approval to Qatar Vinyl Company (QVC) for a new PVC (polyvinyl chloride) project with 350,000 tonnes per annum capacity at an estimated cost of $239mn.
The new PVC plant’s construction, for which the engineering, procurement and construction or EPC contract has been awarded, is slated to be completed by mid-2025, said IQ and MPHC in their communique.
QVC is a joint venture between MPHC with 55.2% stake, Qatar Petrochemical Company (Qapco) with 31.9% stake and QatarEnergy with 12.9% stake. Qapco is a joint venture, wherein, IQ owns 80% of the shares.
The proposed PVC project targets a yearly 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 (vinyl chloride monomer or VCM) from the existing facilities.
The new plant will further maximise synergies on account of efficient water and power usage; 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 provide 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 a 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.
QVC is a joint venture between MPHC with 55.2% stake, Qatar Petrochemical Company (Qapco) with 31.9% stake and QatarEnergy with 12.9% stake. Qapco is a joint venture, wherein, IQ owns 80% of the shares.
The proposed PVC project targets a yearly 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 (vinyl chloride monomer or VCM) from the existing facilities.
The new plant will further maximise synergies on account of efficient water and power usage; 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 provide 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 a 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.