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Octal Petrochemical PET and APET Sheet Plant, Oman

Order Year

2006

Construction Started

2006

Project Type

PET AND APET sheet plant

Location

Salalah free zone, Dhofar, Oman

Estimated Investment

$350m in phase I, but up to $1bn for subsequent phases of expansion

Completion

2008 (phase I); June 2012 (phase II)

Sponsors

Octal Petrochemicals, Muscat Bank (financial advisor to the project), Chemlink Capital, Suhail Bahwan Group, BankMuscat, Muscat Overseas, Malatan Trading, DIDIC,

Oman and Emirate Investment Company, Bank Sohar, Qatar National Bank, Ahli Bank, Bank Dhofar, National Bank of Oman, Oman Investment Company, National Investment Fund Company

Lead Contractors and Designers

Fluor Engineering (phase I)

Output

300,000t per year of PET and APET (phase I); 550,000t per year (on phase II completion); 927,000t per year (on phase III completion)
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