QatarEnergy and Chevron Phillips Chemical (CPChem) announced on 9 October that they have secured $4.4bn financing for their Ras Laffan Petrochemicals Project (RLPP). The partners had earlier take a final investment decision (FID) on the project in January (MEES, 13 January).

The complex will be centered on a 2.06mn t/y ethane cracker, which will be the region’s largest, and will also include two polyethylene trains with combined capacity of 1.68mn t/y of High-Density Polyethylene (HDPE) which will receive ethylene feedstock from the cracker. The complex is due to come online in late 2026 and will lift Qatar’s ethane cracking capacity to 4.6mn t/y. (CONTINUED - 323 WORDS)