MPHC, QIMC, Atlas establishes joint venture for constructing a salt manufacturing facility
24 Sep 2024
NewsA memorandum of understanding (MoU) to form Qatar Salt Products Company (QSalt) was signed in front of QatarEnergy. Initiated by QatarEnergy's Tawteen localisation program, this strategic collaboration included Mesaieed Petrochemical Holding Company (MPHC), which had a 40% share, Qatar Industrial Manufacturing Co (QIMC), which held a 30% share, and Atlas Yatirim Planlama, a 30% share from Turkiye.
In the Um Al Houl region of Qatar, the new joint venture will construct a salt manufacturing facility that will be run by Qatar Vinyl Company (QVC) and Qatar Petrochemical Company (QAPCO).
H E Saad Sherida Al Kaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy, witnessed the signing of the Memorandum of Understanding yesterday at a special ceremony held at QatarEnergy's Headquarters in Doha. Senior executives from QatarEnergy and the participating companies were also present.
In addition to producing industrial salts necessary for the petrochemical industry, the new plant, which is expected to be constructed at an estimated cost of roughly QR1 billion, will also produce demineralised water, potassium chlorides, and bromine, which will be produced later on. These productions will contribute to economic growth and product diversification.
Reject water recovery from reverse osmosis (RO) desalination units will be used in this cutting-edge plant, turning desalination process waste into a useful resource. The factory, which has a one-million-ton annual production capacity, would address the present yearly import of about 850,000 tonnes of table and industrial salts, therefore reducing Qatar's dependency on imported raw materials.