EMR - Emerson to lead automation of the largest ethane cracker in Middle East

• Emerson Electric ( NYSE: EMR ) has been selected to provide automation technologies, software and analytics for the Ras Laffan Petrochemical Complex in Qatar as part of a consortium with Viasat Energy Services, a division of global communications company Viasat ( NASDAQ: VSAT ).
• The $6 billion integrated polymers project, a joint venture between QatarEnergy and Chevron Phillips Chemical, is currently under construction and
• This $6B polymers project which is a joint venture between QatarEnergy and Chevron Phillips Chemical, the largest investment ever in the country’s petrochemical sector is scheduled to go online in late 2026.
• The complex will include an ethane cracker with a capacity of 2.1M tonnes of ethylene per year, making it the largest ethane cracker in the Middle East and one of the largest in the world, as well as two high-density polyethylene derivative units with a total capacity of 1.7M tonnes per year.
• EMR down 1.1% in Tuesday's premarket session.

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