Qatar Petrochemical Company (Qapco) has awarded a US$165.9mn contract to CTCI, a Taiwanese company, for the first phase revamp of its ethylene production facility in Mesaieed Industrial City.
The contract value could rise in the future through additional optional requirements costing US$48.3mn, making the total investment cost for Phase 1 jump to US$214.2mn.
Phase I
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.
The first phase is aimed at revamping and changing some technical equipment in the plant. Phase 1 will see the installation of new furnaces and an ethylene storage tank.
Main benefits
This project will utilise the latest technology in combustion, waste control and on-line monitoring. The main benefits would be direct and significant reduction in Nitrogen Oxides (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, officials said.
Phase II
Phase II of the project, which is estimated to cost US$550mn, looks at increasing the overall production to reach between 950,000 MT to one million tonne of ethylene. The second phase is still under study by Qapco.
