Huge polyolefins project announced for Oman

PLASTICS & RUBBER WEEKLY

Published: May 29, 2013 10:58 am ET
Updated: May 29, 2013 11:00 am ET

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Society of Plastics Engineers (SPE)

MUSCAT, OMAN — Orpic, a subsidiary of the Oman Oil Co., has announced a $3.6 billion investment in a new integrated olefins project in the Middle East state.

The new facility will have a capacity of 1 million metric tons of linear low and high density polyethylene when it goes live in 2018.

Orpic made the announcement at the Polyolefin Plastics Arabia Conference, co-organized by the Society of Plastics Engineers and the Public Establishment for Industrial Estates, which facilitates industrial development in Oman.

The new project will include a steam cracker for the production of olefin monomers and polymerization reactors and will mark Orpic's entry into the polyethylene market. It already produces 200,000 metric tons of polypropylene annually.

Orpic said that once the plant is in operation, polyolefins will account for 12 percent of its sales and half the group's profits.


Comments

Huge polyolefins project announced for Oman

PLASTICS & RUBBER WEEKLY

Published: May 29, 2013 10:58 am ET
Updated: May 29, 2013 11:00 am ET

Post Your Comments


Back to story


More stories

Image

Westlake adding ethylene capacity in Louisiana

October 23, 2014 9:54 pm ET

Westlake Chemical Corp. will add 250 million pounds of annual ethane-based ethylene capacity as part of a $330 million expansion project in Lake...    More

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    More

Image

PET bottles, flasks and an HDPE cooler take top honors in blow molding

October 23, 2014 2:39 pm ET

The Society of Plastics Engineers' Blow Molding Division presented awards to packaging innovations like triangular bottles, flask containers for Jack ...    More

Image

Total picks new management following CEO's death in crash

October 23, 2014 11:03 am ET

Total SA has picked a new management team to oversee the company in the wake of a plane crash in Moscow that killed its chairman and CEO earlier this ...    More

Image

Report: Private equity companies may seek to buy Bayer MaterialScience

October 23, 2014 10:56 am ET

A number of investment groups are reported to be interested buying Bayer AG's MaterialScience operation, valued at around 10 billion euros ($12.6 bill...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events