Industries Qatar (IQ) and Mesaieed Petrochemical Holding (MPHC) have partnered to establish a new Polyvinyl Chloride plant.Â
The new PVC plant’s construction is expected to be completed by mid-2025. The plant targets a nameplate capacity of 350,000 metric tons per annum of Suspension PVC (S-PVC).
The plant will further maximize synergies on account of efficient water and power usage, existing supply chain capabilities; while ensuring sustainable operations.
Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the PVC production, while reinforcing the downstream value chain. The plant will not only boost private sector industrial investments, but also provide a home-grown source of PVC and expand the economic potential of local industries.
The new PVC plant aims to meet the growing demand in the PVC-consuming industries, such as the construction industry. PVC produced at the new plant is expected to meet the domestic market demand and provide opportunities to export internationally.
The profits of Industries Qatar doubled by about three times in 2021, recording an annual increase of 346.96 percent to reach 8.09 billion riyals; while the profits of Mesaieed Petrochemical Holding Company jumped by 249.62 percent in 2021 to reach 1.86 billion riyals.Â