MPHC History

MPHC History

Q-Chem I was established on 6 October, 1998 by Emiri Decree No. 20 of 1998 as a joint venture between Qatar Petroleum and CP-Chem for the development, construction, ownership and operation of a world-scale petrochemical project in Qatar and commenced commercial operations on 1 April, 2004. The project facility is located at Mesaieed Industrial City (MIC) in the south-east of Qatar.

Q-Chem II was formed on 27 July, 2005 as a joint venture between Qatar Petroleum and CP-Chem for the development, construction, ownership and operation of a world-scale petrochemical project in Qatar and commenced operations on 3 December, 2010.

QVC is a Qatari joint stock company formed in 1997 to engage in the business of producing and selling Caustic Soda, EDC and VCM in a petrochemical project based at MIC. QVC was established pursuant to a joint venture agreement between Qatar Petroleum, QAPCO, Arkema and Norsk Hydro (each of Arkema and Norsk Hydro having since transferred its equity interest in QVC to Qatar Petroleum). QVC began commercial operations in 2001.

MPHC was established in 2013 to be a leading integrated regional producer of petrochemicals by combining QP's interests in three established and profitable companies: Qatar Chemical Company Ltd. ("Q-Chem I"); Qatar Chemical Company II Ltd. ("Q-Chem II"); and Qatar Vinyl Company (QVC) Limited Q.S.C. ("QVC"). The company was listed on the Qatar Stock Exchange on 26 February, 2014.

With effect from 4 November, 2012 a wholly owned company of the government of the State of Qatar, Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C. (trading as “Muntajat”), assumed the exclusive rights to purchase, market, distribute and sell the State of Qatar’s production of chemical and petrochemical regulated products to the global market. Accordingly, MPHC’s activities related to the marketing, distribution and selling of all of the group’s products were migrated to Muntajat.

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