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Qatar : QAFAC inks $80million contract for petchem project
Publish Date : 21-Mar-2012
Qatari Fuel Additives Company (QAFAC) has entered into a $80m deal with Mitsubishi Heavy Industries for constructing a plant which recovers and injects carbon dioxide. Mainly, the design of the project aims at improving methanol production process of QAFAC which emits carbon dioxide as a waste gas. Then, the CO2 will be captured and utilised as a feedstock for raising the production of methanol.
The contract was signed by Board Chairman of QAFAC, Hamad Rashid Al-Muhannadi, and Vice President of Mitsubishi Heavy Industries, Naohito Hoshino. The signing ceremony was attended by QAFAC General Manager and Board Member, Nasser Al-Kuwari, and many department managers.
This is for the first time that a contract is been signed between the companies, which will see a Mitsubishi subsidiary company supply the procurement and construction work, and Mitsubishi will be managing the business dealings.
According to Al-Muhannadi, the project aims at raising the operational environment of the plant as well as to enhance the production capacity of methanol. This was in continuation with a phase of environmental improvements by QAFAC and he added that in general one of the challenges faced by the industry was ways for lessening the emission of greenhouse gases.
The aim of the project is to daily capture and restore 500 tonnes of carbon dioxide which would be further injected back into the methanol unit.
