MUSCAT, JUNE 24
Development paintings has commenced on Oman’s latest petrochemicals venture at Sohar Port and Freezone — a $550 million undertaking centered at the manufacturing of Purified Terephthalic Acid (PTA) and Polyethylene Terephthalate (PET), very important uncooked fabrics for the worldwide packaging trade.
Sohar Petrochemicals (SOHARPET) is being established via MAK Germany GmbH, a Hamburg-based buying and selling corporate that specialize in plastics, chemical compounds and comparable equipment. Partnering with the German investor is OQ Team, whose Liwa Plastics Industries Advanced at Sohar Port will probably be a key supply of paraxylene feedstock for the venture.
“Since the beginning of this year, we have been working with great determination to establish a new production site for PTA and PET in Sohar. This is made possible through close collaboration with our local partners, including Sohar Freezone, OQ and Ladayn,” the corporate added.
MAK Sohar Chemical Industries, a completely owned subsidiary of MAK Germany, lately operates a specialised facility at Ladayn Polymer Park that manufactures thermoplastic elastomers (TPE) and engineering compounds for polymer manufacturers. Those fabrics are used within the automobile, scientific and packaging sectors.
SOHARPET marks the “next chapter” in MAK Germany’s “success story” within the Sultanate, the corporate mentioned, noting that the brand new venture builds on agreements signed with quite a lot of Omani stakeholders and companions in April this 12 months.
Below the ones agreements, the petrochemicals advanced will probably be established throughout two places: an 11.9-hectare web page inside Sohar Port and a 53.6-hectare plot inside Sohar Freezone. This dual-location construction fashion will combine port infrastructure with production amenities, the corporate mentioned, including that PTA and PET belongings lately founded in Rotterdam will probably be relocated to Sohar as a part of the venture.
Whilst the ability will make the most of paraxylene (PX) equipped via OQ as its number one feedstock, further uncooked fabrics, together with monoethylene glycol (MEG) and acetic acid, will probably be imported via Sohar Port. The built-in setup is designed to reinforce supply-chain potency via pipeline-based logistics and optimized subject material dealing with.
“By utilizing locally available feedstock, the project aims to convert raw materials into higher-value products within the Sultanate, supporting the national objective of maximizing in-country value and enhancing industrial integration,” MAK Germany mentioned.
“The SOHARPET project is expected to contribute to job creation, the development of technical expertise, and the reinforcement of Sohar’s position as a key hub for petrochemicals and advanced manufacturing,” the corporate added.
