Duqm Hongtong funds $6m for Oman's first polyethylene pipe plant
Construction of the production plant is reportedly planned to start at the end of August and will last for 10 to 12 months
Increased demand for non-metallic pipes in the oil and gas industry has prompted the construction of Oman’s first polyethylene pipe factory through Duqm Hongtong Pipes Company, a Chinese and Omani partnership.
According to news publication The Times of Oman, the plant will spread across 60,000m² of land, and construction will begin later in August 2019, which will be completed in approximately 10 to 12 months.
The report added that the factory, which will be located 550km south of Muscat, is designed to produce around 1200km of polyethylene pipes annually with the first batch of products expected by the second quarter of 2020.
Other media sources, such as Chinese news outlet Xinhua net, said Duqm Hongtong Pipes Company will own 51% of the shares for the plant.
The remainder of the shares will be owned by consulting firms Blue Ocean International and Daoud Al Farsi, holding 44% and 5%, respectively.