A Strong Partnership
In 2006, in partnership with Qapco, Total entered the Qatofin joint venture. Total has a 36.36% direct shareholding in the company and a total stake of 49% when its investment in fellow shareholder Qapco is included.
Qatofin was established to develop two projects:
• One of the largest ethane crackers in the world operated by the Ras Laffan Olefins Company (RLOC) in which Qatofin has a 45.7% stake alongside Q-Chem. The ethane-based steam cracker is designed to produce 1.3 Mt/y of ethylene.
• A world-class linear low-density polyethylene (LLDPE) plant, commissioned in 2009 in Mesaieed, with a production capacity of over 500,000 t/y.