Overview:

Brief History

QAPCO was incorporated in 1974, by way of Emiri Decree No. 109. Prior to its reorganization in 2003, it was owned by Qatar Petroleum (80%) and Atofina of France (20%). On April 28, 2003, Qatar Petroleum’s shares in QAPCO were transferred to Industries Qatar.

Ownership

Currently, QAPCO is owned by Industries Qatar [80%] and TOTAL Petrochemicals (France) [20%].

Related Companies

QAPCO has two joint ventures, Qatofin Company Limited and Ras Laffan Olefins Cracker Company and two associated companies, Qatar Vinyl Company Limited and Qatar Plastic Products Company.

Recent Performance:

Balance Sheet

Profit & Loss Account

[Figures are full share of the company]

Main Products:

Ethylene

Also called an unsaturated hydrocarbon or an olefin, it is used primarily as an intermediate in the manufacture of other chemicals, especially plastics. It can be polymerized directly to produce polyethylene (also called polyethene or polythene), the world's most widely-used plastic. It can be chlorinated to produce ethylene dichloride, a precursor to the plastic polyvinyl chloride, or combined with benzene to produce ethylbenzene, which is used in the manufacture of polystyrene, another important plastic. It can be used as well on crops to speed up ripening and can stimulate the opening of flowers.

Low-Density Polyethylene (“LDPE”)

This is widely used for manufacturing various containers, dispensing bottles, wash bottles, tubing, and various molded laboratory equipment. Its most common use is in plastic bags, both for food and non-food purposes. Other products made from it include: trays & general purpose containers, food storage and laboratory containers and six-pack soda can rings.

Markets:

QAPCO’s products are marketed in the GCC and the Middle East, the Far East, South East Asia, the Indian Sub-continent, Europe, Africa and Oceania.