Qatar Petrochemical Co (Qapco) recently inaugurated the first ethylene cargo to Finolex Industries of India from its Ethylene Expansion project (EP2).
The cargo consists of 4500 KTA following a contract signed between Qapco and Finolex for annual sale of 22,500 metric tones (MT) of Qapco’s ethylene and between 40,000MT and 60,000MT of Qatar Vinyl Company’s ethylene dichloride (EDC) and vinyl chloride monomer (VCM). According to the contract, supplies will begin from now until December 31, 2009, a news release said.
The EP2 project is to increase the company’s ethylene production capacity from 535 KTA to 720 KTA, a news release issued by the company said yesterday.
Present at the ceremony held at Mesaieed Industrial City (MIC) to mark the event were Dr Mohd Yousef Al Mulla, QAPCO General Manager, Mohammed Jassim Al Baker, board member, group managers of Qapco and officials from Qatar Vinyl (QVC), and a representative of the shipping line. From Finolex, present were Prakash Chahbria, Deputy Managing Director and Dhonorkar, Deputy GM.
Speaking on the occasion Dr Al-Mulla said he was delighted to celebrate the first EP2 ethylene shipment to Finolex of India, noting that the cargo was scheduled at the beginning of next year, but the completion of EP2 earlier than scheduled has helped in this achievement.
He stated that the ethylene cargo has availed Qapco the opportunity to regain its position as an ethylene exporter after many years since QVC has started. “This is a value added achievement towards the petrochemical sector in Qatar”, he pointed out.
Prakash, Deputy Managing Director of Finolex, said that the relations with Qapco are not merely a business relation between a supplier and a customer, but it is rather a brotherly relation that goes back to a long term period of mutual business and cooperation.