Fast Market Research

Now Available: Qatar Petrochemicals Report Q1 2014

Fast Market Research recommends "Qatar Petrochemicals Report Q1 2014" from Business Monitor International, now available

 
Repost This

Boston, MA -- (SBWIRE) -- 12/25/2013 -- The Qatari petrochemicals industry is witnessing strong growth as capacity expands, even in the face of a global economic slowdown and threats of escalating feedstock costs. Continued growth demonstrates the confidence the Qatari industry has in future prospects, although BMI warns that planned diversification will not be sufficient to ensure the sector can reap the full benefits of expansion.

Qatar has managed to achieve solid growth in spite of a slowdown in global markets due to the recession in Europe and a decline in manufacturing growth in Asia. Low density polyethylene (LDPE) was boosted by Qatar Petrochemical Company's new LDPE 3 plant, which increased its polyolefin production capacity to 1.15mn tpa and made the site the world's biggest single producer of polyolefins.

View Full Report Details and Table of Contents

Upcoming projects include the development of a large petrochemicals complex in Ras Laffan by Qatar Petroleum and Qatar Petrochemical Company (QAPCO). An olefins project, valued at US$6.4bn, is also in development by QAPCO and Shell. QAPCO plans to expand the production capacity of its cracker, enabling it to produce up to 1mn tpa of ethylene. Other projects include Qapco's US$5.5bn JV with Total at Ras Laffan is set for completion in 2018. Also coming onstream in 2018, the Al-Sejeel Petrochemicals Complex, a joint venture between QP and QAPCO, and the Al-Karaana petrochemicals complex, a JV between Qatar Petroleum (QP) and Shell, which will together lead to a fuller diversification of Qatari petrochemicals production.

BMI notes the following developments in Qatar's petrochemical industry:

- BMI forecasts that by 2018, Qatar's ethylene capacity should reach 7.2mntpa, an increase of 177% compared to 2013. This will be accompanied by polyethylene capacity of 4.49mntpa (up 180%) and 540,000tpa of polypropylene (PP).
- Amid growth in Chinese and US supply and rising feedstock costs, by the end of our forecast period the Qatari petrochemicals industry may well be facing squeezed margins with the prospect that some plants will operate below capacity.
- Qatar is now ranked fourth in our petrochemicals rankings for the Middle East and Africa with an overall score of 60.4, unchanged since the previous quarter. This puts it 0.1 point behind Kuwait, 3.6 points behind the UAE and 1.7 points ahead of Iran

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

- Czech Republic Petrochemicals Report Q1 2014
- Iran Petrochemicals Report Q1 2014
- Poland Petrochemicals Report Q1 2014
- Hungary Petrochemicals Report Q1 2014
- Azerbaijan Petrochemicals Report Q1 2014
- Algeria Petrochemicals Report Q1 2014
- Romania Petrochemicals Report Q1 2014
- Egypt Petrochemicals Report Q1 2014
- Royal Dutch Shell Plc, Company Intelligence Report
- Australia Petrochemicals Report 2014