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Octal invests $300m
- Oman: Monday, September 17 - 2007 at 08:04
Oman's Octal Holding has pumped $300m into a petrochemical plant in the Salalah Free Zone and plans to become the world's largest producer of amorphous polyethylene tere-phthalate (APET) sheet packaging, with a 20% market share. The plant started operations last December and now has an annual capacity of 30,000 tonnes. A twin PET resin and APET sheet complex will provide a further 300,000 tonnes of APET sheet-making capacity from next April.
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Jonathan Sheikh-Miller, Deputy EditorMonday, September 17 - 2007 at 08:04 UAE local time (GMT+4)
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