Oslo-Qatar Fertilizer Co. (QAFCO), and Qatar Intermediate Industries Holding Co. on July 13 signed a shareholding agreement establishing the Qatar Melamine Co. (QMC). The new company plans to start construction of a melamine plant with a production capacity of 60,000 mt/y in the fourth quarter of 2006. The total cost of the project is estimated at US$250 million. QMC is a joint venture company for the production of melamine – QAFCO owns a 60 percent stake, while Qatar Intermediate Industries Holding Co. owns 40 percent. Yara International owns 25 percent of QAFCO. The plant’s completion date is slated as first quarter 2009. The plant site will be in the Mesaieed industrial area and within QAFCO’s complex, where it will benefit from QAFCO’s production of urea as feedstock. The melamine plant will be integrated with the production facilities of QAFCO, which, under the Qatar Melamine shareholders’ agreement, will handle both the administrative and operational aspects of the company.
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