Mesaieed Petrochemical Holding Company

Mesaieed Petrochemical Holding Company (MPHC) is a Qatari petrochemicals company headquartered in Doha. It was established by QatarEnergy, which remains a majority shareholder with a 65.4% stake. The company’s shares are listed on the Qatar Stock Exchange with the ticker MPHC.

MPHC organises its business under two segments – petrochemicals and chlor-alkali – and operates through three subsidiaries:

• Qatar Chemical Company (Q-Chem I)
• Qatar Chemical Company II (Q-Chem II)
• Qatar Vinyl Company (QVC)

Q-Chem I and Q-Chem II comprise MPHC’s petrochemicals segment and are jointly owned by MPHC and Chevron Phillips Chemical International Qatar Holdings, each with a 49% stake, and QatarEnergy, with 2%. The companies manufacture ethylene, medium- and high-density polyethylene, normal alpha olefins fractions ranging from C4 to C30 and limited quantities of pyrolysis gasoline.

QVC represents the chlor-alkali segment and is owned by MPHC (55.2%), Qatar Petrochemical Company (31.9%) and QatarEnergy (12.9%). Its key products are caustic soda, ethylene dichloride, vinyl chloride monomer and hydrochloric acid.

MPHC’s products are sold exclusively by the Qatar Chemical and Petrochemical Marketing and Distribution Company, a wholly owned subsidiary of QatarEnergy that trades under the name “Muntajat.” The majority of the company’s sales are on the spot market, with long-term contracts being rare.

In 2024, MPHC produced 635,000 tonnes of petrochemicals, while output for the chlor-alkali segment totalled 450,000 tonnes. Total revenues were USD 758.4 million, with sales distributed geographically as follows:

• Indian subcontinent: 28%
• Asia: 25%
• Europe: 25%
• Middle East: 10%
• Africa: 9%
• Qatar: 3%

Company website: www.mphc.com.qa