Qatar's state-owned QP has agreed to supply Chinese petrochemical producer Wanhua Chemical with approximately 800,000 t/yr of LPG in a 10-year deal.
The term deal with QP is ahead of the start-up of Wanhua's LPG-based cracker at Yantai in east China's Shandong province, which is scheduled to start operations by the second half of next year. The cracker will require 2.2mn t/yr of propane as feedstock. Mainly 33,000t+11,000t propane-butane cargoes will be supplied by QP.
Wanhua last year signed a 10-year LPG supply deal with Abu Dhabi's state-owned Adnoc for 1mn t/yr.
Wanhua operates a propane dehydrogenation complex at Yantai with 750,000 t/yr of propylene production capacity.
By Alva Shi
