Octal Petrochemical unexpectedly closed the PET plant in Oman because of the cyclone – Oman Octal Petrochemicals, one of the largest producers of polyethylene terephthalate (PET) in the world, on May 25, unplannedly stopped production at the PET plant in the port city of Salalah (on the southern coast of the Sultanate of Oman) due to the cyclone of the 2nd category “Mekunu” – Octal Petrochemical PET plant Oman - Arhive

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Octal Petrochemical unexpectedly closed the PET plant in Oman because of the cyclone

MOSCOW  – Oman Octal Petrochemicals, one of the largest producers of polyethylene terephthalate (PET) in the world, on May 25, unplannedly stopped production at the PET plant in the port city of Salalah (on the southern coast of the Sultanate of Oman) due to the cyclone of the 2nd category “Mekunu” (Mekunu), told ICIS market participants.

According to them, this enterprise with the capacity of 850 thousand tons of PET per year should return to work about a week later.

The company at this complex manages four production lines.

Earlier it was noted that at the end of last year, Octal Petrochemicals closed two of the four lines on the site in the city of Salalah with a capacity of 600 thousand tons per year for modernization from December 4-7 to January 8-12, 2018.

According to the Price Review of ICIS-MRC , in March shipments of bottled granulate to Russia from far abroad increased sharply. Import excluding supplies from Belarus last month reached 11.3 thousand tons against 4.3 thousand tons a month earlier and 6.2 thousand tons in March last year. In the first quarter as a whole, the import of bottled PET excluding Belarusian supplies increased by 21% to 17.4 thousand tons against 14.4 thousand tons a year earlier. Import of all types of PET from abroad to Russia in the first quarter amounted to 21.1 thousand tons against 18.7 thousand tons in the same period last year.

Oman company Octal Petrochemicals, which was founded in 2006, is one of the largest producers of polyethylene terephthalate (PET) in the world. The company owns a petrochemical complex in the city of Salalah (Oman), the annual capacity of which is about 930 thousand tons of PET. The company has planned to seriously expand its production facilities. After the implementation of all planned projects, the annual capacity of the company will increase to 2.5 million tons of TFA and PET. In recent years, the company has significantly increased its revenues, which increased from USD500 million to USD1.5 billion.

mrcplast.ru

Author:                Margarita Volkova

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