Chevron Phillips Chemical Co. LLC continues to tackle the Middle East in a big way, with plans to add capacity in Qatar and Saudia Arabia by 2010.
The Houston-based firm operates almost 1.1 billion pounds of PE capacity in Mesaieed, Qatar, where it began production in 2003. By 2009, an additional 1.5 billion pounds of annual capacity will be in place, Chevron Phillips Chemical's Greg Garland said at the CMAI World Petrochemical Conference, March 22-23 in Houston.
The firm operates the Messaieed site in a joint venture with state-owned Qatar Petroleum of Doha.
Meanwhile, in Saudi Arabia, Chevron Phillips will launch unspecified capacities for PE, polypropylene and polystyrene by 2010 via a venture with Saudi Industrial Investment Group in Al Jubail. Construction of ethylene feedstock production at the site already has begun and should be ready next year, said Garland, senior vice president of planning and specialty chemicals for Chevron Phillips Chemical, based in The Woodlands, Texas.
Resin produced in Mesaieed and Al Jubail will be sold in China and other parts of Asia and in Europe.
Overall, Chevron Phillips and other firms are spending about $160 billion on current petrochemical projects in the Middle East. Garland did not provide financial information about his firm's projects. He said a total of 17 world-scale petrochemical crackers will be built in the region between 2005 and 2010.
``Many contractors [in the Middle East] are fully booked until the end of the decade,'' he said. ``They don't have enough time or enough people to do any more projects.''