By: PLASTICS & RUBBER WEEKLY
May 29, 2013
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.