MPHC, QIMC, Atlas establish joint venture to build new salt production facility

Doha, Qatar: QatarEnergy has witnessed the signing of a memorandum of understanding (MoU) to establish Qatar Salt Products Company (QSalt). This st...

Doha, Qatar: QatarEnergy has witnessed the signing of a memorandum of understanding (MoU) to establish Qatar Salt Products Company (QSalt).

This strategic partnership, an initiative by QatarEnergy’s Tawteen localisation programme, brought together Mesaieed Petrochemical Holding Company (MPHC) with 40% share, Qatar Industrial Manufacturing Co (QIMC) with 30% share and the Turkiye’s Atlas Yatirim Planlama with 30% share.

The new joint venture will build a salt production plant in the Um Al Houl area in Qatar, to be operated by Qatar Petrochemical Company (QAPCO) and Qatar Vinyl Company (QVC).

The MoU signing was witnessed by H E Saad Sherida Al Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, during a special ceremony held yesterday at QatarEnergy’s Headquarters in Doha, which was attended by senior executives from QatarEnergy and the participating companies.

Commenting on this occasion, Al Kaabi said, “We are pleased to witness the establishment of this very important joint venture that will help enhance Qatar’s self-sufficiency by producing both industrial and table salts to meet local demand and to support regional and international exports.”