MPHC restructures partnership for salt production facility in Qatar
The parties has reached a mutual agreement for the exit of the Turkish partner 'Atlas' from the Memorandum of Understanding ('MoU') concerning the development and operation of a state-of-the-art salt production facility.
The innovative salt production facility will now be established through a new joint venture ownership structure: Mesaieed Petrochemical Holding Company (MPHC): 60% equity stake, Qatar Industrial Manufacturing Co (QIMC): 40% equity stake
This restructuring marks a pivotal step in advancing the project, ensuring streamlined operations and enhanced collaboration between the remaining partners.
The facility aims to leverage cutting-edge technology to meet growing demand and contribute to Qatar's industrial diversification efforts. QAPCO remains the project development manager, providing all project-related support.
Further details regarding the project will be disclosed in due course, upon reaching the (FID) stage.
© Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
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