Industries Qatar, MPHC give green light to QVC to establish Qatar’s first $239m PVC plant – The Peninsula

Industries Qatar, MPHC give green light to QVC to establish Qatar’s first $239m PVC plant – The Peninsula

Doha: The Board of Directors of Industries Qatar (IQ) and Mesaieed Petrochemical Holding Company (MPHC) have approved the award of an Engineering, Procurement, Construction (EPC) contract for a new Polyvinyl Chloride (PVC) plant by their joint venture; Qatar Vinyl Company (QVC), with a total contract value of $239m.

QVC is a joint venture between Qatar Petrochemical Company (Qapco) with 31.9 percent stake, Mesaieed Petrochemical Holding Company (MPHC) with 55.2 percent stake and QatarEnergy with 12.9 percent stake. Qapco is a joint venture, wherein, IQ owns 80 percent of the shares.

The new PVC plant’s construction is expected to be completed by mid-2025. The plant targets a nameplate capacity of 350,000 metric tonnes per annum of Suspension PVC (S-PVC).

The new plant will be integrated with the existing QVC facilities, located at Mesaieed Industrial City, and will source feedstock including Vinyl Chloride Monomer (VCM)) from the existing facilities.

The new plant will further maximise synergies on account of efficient water and power usage; existing supply chain capabilities; while assuring sustainable operations.

Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in PVC production, while reinforcing the downstream value chain. The plant will not only boost private sector