Mesaieed Petrochemical Holding Company (MPHC), a public shareholding company in Qatar, has partnered with Qatar Industrial Manufacturing Company (QIMC) to establish an advanced salt production facility in Qatar.
The partnership follows the withdrawal of Turkish partner Atlas from the salt production facility project. Under the restructured agreement, MPHC will hold a 60 percent equity stake while QIMC will assume the remaining 40 percent. The mutual decision for Atlas to exit the memorandum of understanding (MoU) marks what MPHC described as a pivotal step toward improving operational efficiency and strengthening cooperation between the remaining partners.
The company described the restructuring as a pivotal step forward for the salt production facility project, ensuring operational efficiency and strengthening collaboration between the remaining partners. The facility is expected to leverage advanced technology to meet growing demand and contribute to Qatar’s industrial diversification efforts.
The salt production facility, set to employ advanced salt production technology, is designed to meet rising domestic and regional demand. It also aligns with Qatar’s broader industrial diversification objectives, as the country seeks to enhance its manufacturing capabilities across strategic sectors.
MPHC will continue to act as the project development manager, providing essential oversight and support throughout the next phases of the initiative. Qatar Petrochemical Company (QAPCO) remains involved in the project’s execution under MPHC’s guidance. The company emphasized that it is committed to delivering the project in line with national priorities and private sector collaboration.
The restructuring follows an earlier announcement made by MPHC, in which the company outlined its intent to pursue a state-of-the-art salt facility. With the updated ownership now confirmed, the project is expected to move forward with greater focus and alignment.
Further information regarding the project’s scope, investment details, and operational timelines will be released once a final investment decision (FID) has been reached. The new joint venture is seen as a key initiative in boosting Qatar’s industrial base and supporting sustainable economic development through high-value manufacturing.
