# CPChem and QatarEnergy secure $4.4 billion financing for Ras Laffan petrochemical project

Ras Laffan Petrochemicals, a joint venture of Chevron Phillips Chemical (30%) and QatarEnergy (70%), secured $4.4 billion in financing for an integrated polymers facility in Ras Laffan, Qatar, with startup expected in late 2026.

- Type: Investment
- Announced: 2023-10-09
- Where: Ras Laffan Industrial City, Qatar, Qatar
- Value: $4.40B
- Starts operating: Q4 2026
- Status: announced
- Capacity: 2.1 million metric tons per year of ethylene and 1.7 million metric tons per year of high-density polyethylene
- Products: ethylene, high-density polyethylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Ras Laffan Petrochemicals](https://endata.com/companies/12474.md)
- [Chevron Phillips Chemical](https://endata.com/companies/9058.md) (investor)
- [QatarEnergy](https://endata.com/companies/30677.md) (investor)

## Sources

- [investor.wedbush.com](https://investor.wedbush.com/wedbush/article/bizwire-2023-10-9-cpchem-qatarenergy-finalize-financing-on-ras-laffan-qatar-petrochemicals-project), 2023-10-09: "Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.