Image Credit: Pixabay | Image used for illustrative purpose only
2 minutes read

Qatar Forms Joint Venture to Build $274.7 Million Salt Production Plant

QatarEnergy has overseen the signing of a Memorandum of Understanding (MoU) to establish Qatar Salt Products Company (QSalt), a joint venture aimed at boosting local production of industrial salts. The initiative is part of QatarEnergy’s TAWTEEN localization program and brings together three key partners: Mesaieed Petrochemical Holding Company (MPHC) with a 40% share, Qatar Industrial Manufacturing Co. (QIMC) holding 30%, and Turkey’s Atlas Yatirim Planlama with the remaining 30%.

The joint venture will construct a state-of-the-art salt production plant in Qatar’s Um Al Houl area. The facility will be operated by Qatar Petrochemical Company (QAPCO) and Qatar Vinyl Company (QVC).

The MoU was signed during a special ceremony at QatarEnergy’s headquarters in Doha, witnessed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and President and CEO of QatarEnergy. Senior executives from QatarEnergy and the partner companies also attended the event.

With an estimated cost of 1 billion Qatari Riyals ($274.7 million), the plant will play a critical role in Qatar’s petrochemical industry. In addition to producing industrial salts, essential for the sector, the facility will later expand to manufacture bromine, potassium chloride, and demineralized water, contributing to both product diversification and the country’s economic growth.

This innovative plant will also leverage cutting-edge technology to recover reject water from reverse osmosis (RO) desalination units, transforming waste from desalination processes into a valuable resource. With a production capacity of one million tons annually, it will help reduce Qatar’s reliance on imported raw materials—currently, the nation imports approximately 850,000 tons of table and industrial salts each year.

As part of the TAWTEEN program, the project will benefit from initiatives designed to enhance local content and support the growth of domestic industries. This partnership exemplifies Qatar’s commitment to fostering public-private collaboration in order to meet key national objectives.

 

Legal Disclaimer:
Saudi Gulf Projects
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Marine and Shipbuilding
    1 minute read

    ESL Shipping Orders Quartet of Methanol-Powered…

    09 Oct. 2024 | Global Flow Control
  • Hydrogen and Carbon Capture
    1 minute read

    Egypt and Norway’s Scatec to Strengthen…

    09 Oct. 2024 | Global Flow Control
  • Oil and Gas
    2 minutes read

    Major Contract Awarded for BP’s Kaskida…

    09 Oct. 2024 | Global Flow Control
  • Power Generation
    3 minutes read

    Chachimbiro Geothermal Project: Ecuador secures $43…

    09 Oct. 2024 | Global Flow Control