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

QatarEnergy and Chevron Phillips Chemical secured $4.4 billion in financing for the $6 billion Ras Laffan Petrochemicals project in Ras Laffan Industrial City, Qatar. The complex includes an ethane cracker and polyethylene trains, expected to begin production in late 2026.

- Type: Investment
- Announced: 2023-10-11
- Where: Ras Laffan Industrial City, Qatar, Qatar
- Value: $6.00B
- Starts operating: Q4 2026
- Status: under construction
- Capacity: 2.1 million tons of ethylene per annum; 1.7 million tons of high-density polyethylene per annum
- Products: ethylene, high-density polyethylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [QatarEnergy](https://endata.com/companies/30677.md)
- [Emerson](https://endata.com/companies/355.md) (partner)
- [Samsung Engineering](https://endata.com/companies/977.md) (partner)
- [CTCI Corporation](https://endata.com/companies/1509.md) (partner)
- [Maire Tecnimont](https://endata.com/companies/8164.md) (partner)
- [Chevron Phillips Chemical](https://endata.com/companies/9058.md) (partner)

## Sources

- [rigzone.com](https://www.rigzone.com/news/ras_laffan_petrochemicals_project_secures_44_billion_financing-11-oct-2023-174303-article/), 2023-10-11: "This oversubscribed financing package is an important testament to the financial community’s confidence in Qatar and in its energy and petrochemical industries."

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