PET project to push "world class production"
Plant to become largest PET producer on one site at completion
Construction on what will become the world’s largest PET (Polyethylene terephthalate) producer on one site remains on target to meet its scheduled completion date of May 2012.
OCTAL Petrochemicals’ $200m expansion of the third and fourth manufacturing facilities are beginning to take shape over 10 hectares in the Salalah Free Zone in Oman.
The plant will add an additional 527,000 tons per annum of PET bottle grade resin to OCTAL’s current production capacity of 927,000 tons a year.
The company believes the build will position the Sultanate as a world-class producer of PET resin and sheet, enabling it to improve on the European, American and Asian markets which OCTAL currently serves.
“Additional volumes of resin production will spur the growth of the packaging industry and will encourage markets to migrate from less efficient materials to PET as the preferred clear rigid polymer,” said OCTAL’s Chairman Sheikh Saad Suhail Bahwan.
To date, a total of 550,000 man-hours have been successfully completed on the construction of the plant, without any lost-time-injury (LTI).
“We are a home-grown company that is committed to the advancement of this nation.
“The total investment of $1.5bn will establish OCTAL as the recognised leader in PET and the industry reference for superior product quality and performance.
“This will not only place Oman on the world map as a manufacturing and distribution haven but also realize the vision set by His Majesty for a sustainable and diversified economy,” added OCTAL’s chairman.
Bahwan added his belief that PET is becoming the unanimous choice for reliable, clear rigid packaging with a wide range of applications for foods, liquids, consumer and industrial products.
Global PET bottle sales have increased from 1m tons to more than 15m tons in less than two decades.
The plant is being built in accordance with British safety standards, which have been approved by local regulators and government authorities and has been designed to yield the lowest carbon footprint products.
OCTAL currently uses 67% less electricity to manufacture DPET sheet and 38% less energy for resin.
In addition, 80% of water used in the production facility is reused and all of OCTAL’s energy needs are derived from clean burning natural gas, with the company stating on-site high efficiency burners consume up to 20% less gas than traditional PET plants.