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QatarEnergy has witnessed the signing of a Memorandum of Understanding (MOU) to establish Qatar Salt Products Company (QSalt).
This strategic partnership, an initiative by QatarEnergy’s TAWTEEN localization program, brought together Mesaieed Petrochemical Holding Company “MPHC” (40% share), Qatar Industrial Manufacturing Co. “QIMC” (30% share), and the Turkiye’s Atlas Yatirim Planlama (30% share).
The new joint venture will build a salt production plant in the Um Al Houl area in Qatar, to be operated by Qatar Petrochemical Company (QAPCO) and Qatar Vinyl Company (QVC).
The MoU signing was witnessed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, during a special ceremony held today at QatarEnergy’s Headquarters in Doha attended by senior executives from QatarEnergy and the participating companies.
The new plant, which will be built at an estimated cost of about one billion Qatari Riyals, will also produce industrial salts essential for the petrochemical industry, along with Bromine, Potassium Chlorides, and demineralized water, which will be produced at a later stage, contributing to product diversification and economic growth.
This innovative facility will utilize reject water recovery from reverse osmosis (RO) desalination units, transforming waste from desalination processes into a valuable resource. With a production capacity of one million tons per annum, the plant will significantly reduce Qatar’s reliance on imported raw materials, addressing the current import of approximately 850,000 tons of table and industrial salts annually.
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 collaboration highlights a strong public-private partnership aimed at achieving key national objectives. |
