Muscat: Sohar Port and Freezone has signed a deal with Oman International Petrochemical Industry Company (OMPET) to build a fully renewable manufacturing facility that will produce close to 1.5m tonnes of environmentally-friendly packaging materials.
The OMPET manufacturing plant will be located next to Oman Oil Refineries and Petroleum Industries Company (Orpic) and will consume all of the paraxylene produced by Orpic’s Aromatics unit.
“We are delighted to have finalised a deal with OMPET to lease a significant part of the port for producing renewable packaging materials. Demand for PET packaging globally reached 12m tonnes in 2010, and this will continue to grow to around 20m by 2019,” said Sohar ceo, Andre Toet. [08/12/14]