Jan 1, 1998 CE
Qatar Petroleum Begins Petrochemical Strategy
Qatar Petroleum (QP) initiates a strategic plan to develop petrochemical industries to diversify from natural gas exports. #petrochemicals #strategy
Chronological Storyline (39 Milestones)
Dec 1, 2003 CE
Q-Chem I Plant Starts Operations
The Q-Chem I plant, a joint venture between Qatar Petroleum and Chevron Phillips Chemical, begins production of ethylene and polyethylene in Mesaieed. #petrochemicals #jointventure
Oct 1, 2007 CE
Qatofin Plant Commissioning
Qatofin, a joint venture between Qatar Petroleum and TotalEnergies, starts production of linear low-density polyethylene (LLDPE) in Mesaieed. #petrochemicals #llDPE
Nov 1, 2009 CE
Q-Chem II Plant Start-Up
The Q-Chem II plant, an expansion of the Q-Chem complex, begins commercial operations, increasing ethylene and polyethylene capacity. #expansion #petrochemicals
Nov 7, 2013 CE
MPHC Lists on Qatar Stock Exchange
MPHC makes its initial public offering (IPO) and lists on the Qatar Stock Exchange, offering 25% of its shares to the public. #IPO #QSE
Nov 7, 2013 CE
MPHC Established as Holding Company
Mesaieed Petrochemical Holding Company (MPHC) is incorporated by Qatar Petroleum to hold its petrochemical assets including Q-Chem II and Qatofin. #holdingcompany #incorporation
Jan 1, 2014 CE
MPHC Completes Acquisition of Q-Chem I
MPHC acquires a 49% interest in Q-Chem I from Chevron Phillips Chemical, consolidating its ownership in the petrochemical complex. #acquisition #petrochemicals
Mar 27, 2014 CE
First Annual General Meeting
MPHC holds its first Annual General Meeting (AGM) as a publicly listed company, approving financial statements and dividend policy. #AGM #corporateGovernance
Jan 28, 2015 CE
MPHC Announces QAR 1 Billion Dividend
MPHC announces a cash dividend of QAR 1 billion for the 2014 financial year, reflecting strong operational performance. #dividend #financialPerformance
Apr 1, 2015 CE
New CEO Appointed: Dr. Mohamed Yousef Al-Mulla
Dr. Mohamed Yousef Al-Mulla is appointed as CEO of MPHC, bringing extensive experience in the energy sector. #leadership #CEO
Nov 1, 2016 CE
MPHC Reports Record Net Profit
MPHC reports a net profit of QAR 2.5 billion for the first nine months of 2016, driven by higher polyethylene prices. #financialResults #profit
Mar 1, 2017 CE
MPHC Completes Debottlenecking Project
MPHC completes a debottlenecking project at the Q-Chem II plant, increasing ethylene capacity by 10%. #capacityExpansion #debottlenecking
Oct 1, 2017 CE
MPHC Acquires 50% Stake in Al Shaheen Petrochemical
MPHC acquires a 50% stake in Al Shaheen Petrochemical from Qatar Petroleum, expanding its portfolio. #acquisition #petrochemicals
Feb 14, 2018 CE
New Board of Directors Elected
MPHC shareholders elect a new board of directors for a three-year term, chaired by Saad Sherida Al-Kaabi. #boardOfDirectors #corporateGovernance
May 1, 2018 CE
MPHC and QP Sign Feedstock Agreement
MPHC signs a long-term feedstock agreement with Qatar Petroleum to secure ethane supply for its plants. #feedstock #supplyAgreement
Jan 31, 2019 CE
MPHC Reports 2018 Full-Year Results
MPHC reports a net profit of QAR 3.2 billion for 2018, a 15% increase year-on-year. #financialResults #annualReport
Jun 1, 2019 CE
MPHC Launches Sustainability Report
MPHC publishes its first sustainability report, highlighting environmental and social initiatives. #sustainability #ESG
Sep 1, 2019 CE
Qatofin Plant Achieves Record Production
The Qatofin LLDPE plant achieves a record annual production of 450,000 tonnes. #productionRecord #petrochemicals
Mar 15, 2020 CE
MPHC Responds to COVID-19 Pandemic
MPHC implements health and safety protocols and ensures continued operations during the pandemic. #COVID19 #businessContinuity
Aug 1, 2020 CE
MPHC Announces Q2 2020 Results
Despite pandemic headwinds, MPHC reports a net profit of QAR 1.1 billion for Q2 2020. #financialResults #resilience
Feb 1, 2021 CE
MPHC Completes Turnaround Maintenance
MPHC successfully completes a major turnaround maintenance at the Q-Chem complex, ensuring plant reliability. #maintenance #reliability
Apr 1, 2021 CE
MPHC Acquires Additional Stake in Qatofin
MPHC increases its stake in Qatofin from 49% to 63%, strengthening its position in the LLDPE market. #acquisition #stakeIncrease
Nov 1, 2021 CE
MPHC Reports Strong 9-Month Results
MPHC reports a net profit of QAR 3.5 billion for the first nine months of 2021, driven by higher demand and prices. #financialResults #profitGrowth
Jan 1, 2022 CE
MPHC Signs MoU for Carbon Capture
MPHC signs a memorandum of understanding with QatarEnergy to explore carbon capture and storage (CCS) projects. #carbonCapture #sustainability
Mar 31, 2022 CE
MPHC Reports Record Annual Profit for 2021
MPHC announces a record net profit of QAR 4.6 billion for the full year 2021, benefiting from favorable market conditions. #recordProfit #annualResults
Jun 1, 2022 CE
New Ethylene Expansion Project Announced
MPHC announces a feasibility study for a new ethylene plant in Mesaieed to increase capacity. #expansion #feasibilityStudy
Sep 1, 2022 CE
MPHC Included in FTSE4Good Index Series
MPHC is included in the FTSE4Good Emerging Markets Index, recognizing its strong ESG practices. #ESG #indexInclusion
Jan 1, 2023 CE
MPHC Begins Using Renewable Power
MPHC signs a power purchase agreement to source renewable electricity for its operations. #renewableEnergy #decarbonization
Mar 1, 2023 CE
MPHC Reports 2022 Annual Results
MPHC reports a net profit of QAR 3.8 billion for 2022, slightly lower than the record year but still strong. #annualResults #financialPerformance
Jun 1, 2023 CE
MPHC Appoints New CFO
MPHC appoints Mr. Abdulaziz Al-Emadi as Chief Financial Officer, succeeding the retiring CFO. #leadership #CFO
Sep 1, 2023 CE
MPHC Launches New Digital Transformation Initiative
MPHC announces a digital transformation program to optimize operations using AI and IoT. #digitalTransformation #innovation
Nov 15, 2023 CE
MPHC Wins Best Investor Relations Award
MPHC receives the 'Best Investor Relations' award at the Qatar Stock Exchange Annual Awards. #investorRelations #award
Feb 1, 2024 CE
MPHC Announces QAR 2.5 Billion Dividend
MPHC declares a dividend of QAR 2.5 billion for 2023, maintaining a high payout ratio. #dividend #shareholderValue
Apr 1, 2024 CE
MPHC Finalizes Ethylene Expansion FID
MPHC takes final investment decision (FID) to build a new ethylene cracker with capacity of 1.5 million tonnes per year. #FID #expansion
Jul 1, 2024 CE
MPHC Reports H1 2024 Results
MPHC reports a net profit of QAR 1.9 billion for the first half of 2024, in line with expectations. #financialResults #H1
Oct 1, 2024 CE
MPHC Partners on Blue Ammonia Project
MPHC signs a joint development agreement with QatarEnergy to produce blue ammonia from petrochemical by-products. #blueAmmonia #decarbonization
Jan 1, 2025 CE
MPHC Celebrates 10th Listing Anniversary
MPHC marks 10 years since its IPO on the Qatar Stock Exchange, reflecting on growth and shareholder returns. #anniversary #listing
Mar 1, 2025 CE
MPHC Reports Record Revenue in 2024
MPHC reports record annual revenue of QAR 12 billion for 2024, driven by high production and prices. #recordRevenue #annualResults
Jun 1, 2025 CE
MPHC Groundbreaking for New Ethylene Plant
MPHC holds groundbreaking ceremony for the new ethylene cracker in Mesaieed Industrial City, with completion expected in 2028. #groundbreaking #construction