MOSCOW (MRC) -- State-owned Oman Oil Refineries and Petroleum Industries (Orpic) is likely to restart its polypropylene (PP) plant following maintenance turnaround, as per Apic-online.
A Polymerupdate source in Oman informed that the plant is planned to be restarted in end-February 2015. The plant was shut in the last week of January 2015.
Located at Sohar in Oman, the plant has a production capacity of 340,000 mt/year.
As MRC reported earlier, in May 2014, ORPIC said it had awarded two contracts for construction of a USD3.6 billion plastics production complex, the Liwa Plastics Project. The plant will be built in Oman's northern industrial city of Sohar, next to ORPIC's oil refinery and petrochemical plants. The Liwa Plastics Project is due to be completed in 2018, doubling ORPIC's profitability by allowing it to extract more value from Omani crude oil and natural gas, the company said.
The project will boost ORPIC's annual production of polypropylene and polyethylene to 1.4 million tonnes, increasing Oman's exports, while additional production of 1 million tonnes of plastics will help to develop downstream industries within the country, ORPIC added.
ORPIC (Oman Oil Refineries and Petroleum Industries Company) is one of the leading companies in Oman and has two refineries in that country, in Sohar and Muscat. ORPIC is owned by the Government of the Sultanate of Oman and Oman Oil Company SAOC, the trading company created by the Government of the Sultanate of Oman for managing investments in the energy sector.
MRC