Qatar Vinyl Company (QVC)’s plan to set up a new $239 million PVC (polyvinyl chloride) plant with a capacity of 350,000 tons per annum has been approved by Industries Qatar (IQ) and Mesaieed Petrochemical Holding (MPHC), the leading integrated producer of petrochemicals.
According to IQ and MPHC, the construction of the new plant, to be executed through engineering, procurement, and construction (EPC contract), will be completed by mid-2025.
QVC is a joint venture between MPHC (55.2 Percent), Qatar Petrochemical Company (31.9 Percent) and Qatar Energy (12.9 Percent).
Qatar Petrochemical Company (QAPCO) is a joint venture in which IQ owns 80 percent of the shares with Total Petrochemicals, France holding the rest.
The proposed PVC project is targeting a nameplate capacity of 350,000 metric tons of suspension PVC (S-PVC) per annum. The new plant will integrate with existing QVC facilities located in the Mesaieed Industrial City and source feedstock (vinyl chloride monomer or VCM) from existing facilities.
The new plant will further enhance cooperation with the existing supply chain to ensure sustainable operation, taking into account the efficient use of water and electricity.
As the first PVC plant in Qatar, the project aims to make the country a regional leader in PVC production and strengthen its grassroots value chain. The new plant will also support the growing demand in PVC consumer industries such as the construction industry.
PVC as a product can be handled, stored, and exported safely and seamlessly. It can be combined with other similar products manufactured in Qatar to provide opportunities for optimized logistics cost structures.
The launch of a new PVC plant indirectly owned by IQ at QVC will enhance shareholder value and improve IQ’s strategic position in the downstream sector.
The project aims to create competitive and sustainable PVC production facilities to further integrate IQ’s industrial production. At the same time, it will increase power through operational excellence and responsible growth and diversify into new markets.
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