The Q-Chem II Project will create a world class facility that will serve customers in the Middle East, Asia, Europe, and other regions.
The financing for Q-Chem II and its share of the ethylene cracker will be provided by a group of commercial banks and the Export-Import Bank of the United States along with equity capital from Chevron Phillips Chemical and Qatar Petroleum.
The engineering, procurement, and construction contract for the Q-Chem II complex was awarded to TECNIMONT S.p.A. and Daewoo Engineering & Construction Co Ltd. Technip France was selected for the engineering, procurement, and construction of the ethylene cracker.
Chevron Phillips Chemical and Qatar Petroleum will execute the Q-Chem II Project through Qatar Chemical Company II Ltd. (Q-Chem II), a joint venture between Qatar Petroleum (51 percent) and Chevron Phillips Chemical International Qatar Holdings LLC (49 percent), a wholly-owned subsidiary of Chevron Phillips Chemical.
Qatar Petroleum (previously known as Qatar General Petroleum Corporation) was established in 1974 as a national corporation completely owned by the State of Qatar.
Texas based Chevron Phillips Chemical Company LLC and its affiliates produce chemicals that are essential to manufacturing over 70,000 consumer and industrial products. This includes olefins and polyolefins, aromatics,alpha olefins, styrenics, specialty chemicals, piping and proprietary plastics.
Chevron Phillips Chemical Company LLC
marketing@alchempro.com
