Shareholders

Industries Qatar (IQ) is a limited liability company registered and incorporated in the State of Qatar as a Qatari Shareholding Company (Q.S.C.C.). During 2003, Qatar Petroleum (QP) transferred its entire shareholding in QAFAC to IQ. QP is a state-owned corporation responsible for developing and distributing the Country’s oil and gas reservoirs and promoting downstream industries in the State. 

OPIC Middle East Corporation (OMEC) is a wholly-owned subsidiary of Overseas Petroleum and Investment Corporation, which in turn is beneficially owned by Chinese Petroleum Corporation (CPC) of Taiwan. CPC is the state-owned supplier of oil and refined petroleum products in the Taiwanese market and is involved in the areas of exploration, refining, storage and distribution of oil and natural gas, as well as the manufacture of petrochemical raw materials. CPC is Taiwan’s largest manufacturing enterprise.

 International Octane LLC (IOLLC) is part of the DUTCO Group of Companies which has interests in civil engineering, manufacturing, hotels, real estate and other fields both in the UAE and globally. IOLLC was established to develop business opportunities in the rapidly growing MTBE and methanol markets worldwide.

LCY Middle East Corp. (LCYMEC) is the wholly owned subsidiary of LCY Investments Corp. (LCY) which in turn is the wholly owned subsidiary of the Lee Chang Yung Group of Taiwan, one of the major suppliers of petrochemical products including Methanol, Formaldehyde, Ethyl Acetate, Isopropyl Alcohol and Acetone. During the last decade, LCY has diversified into the production of high-value-added products such as synthetic rubber, copper foil and electronic grade fine chemicals to server global markets.