INDUSTRY: Doha, Qatar
Company: Qatar Fuel Additives Company Limited (QAFAC) is a joint venture between Industries Qatar (IQ), OPIC Middle East Corporation (OMEC), International Octane Limited and LCY Middle East Corporation (LCY Chemicals Corp – Taiwan). IQ is an affiliate of Qatar Petroleum. OMEC is beneficially owned by Chinese Petroleum Corporation (CPC).
Size: 982,350 Tons Per Year of Methanol using ICI technology and 610,000 tons per year of MTBE using UOP technology
Methanol and Methyl-Tertiary-Butyl-Ether (MTBE) with methanol being used within local industries and exported to Asia, and Europe. MTBE is sent to the Gulf region and exported to Europe, SE Asia and South America
Key Facts: QAFAC was established in 1991, and commenced production in 1999.
Value: USD 1.2 Billion
Brief Facts: The facility is in Mesaieed Industrial City, 50 km south of Doha
Description: QAFAC was developed for the purposes of a country strategic plan to diversify its petrochemical base and be able to expand in the downstream industries.