OMAN INTERNATIONAL PETROCHEMICAL INDUSTRIES COMPANY L.L.C. (OMPET) - OQ

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OMPET was formed in fourth quarter 2013 as a joint venture between Oman Oil Company (50%), LG International Inc. (30%) and Takamul Investment Company (20%).

The project is the development of a large scale (1100KTA) PTA (Purified Terephthalic Acid) Facility, located 250 Km North of Muscat in the Sohar Port Industrial Zone (“Sohar”), in the Sultanate of Oman.

OMPET is currently in the Project Phase. The project is the development of a large scale (1100KTA) PTA (Purified Terephthalic Acid) / and (250 KT/A) PET (Polyethylene terephthalate) Facility, located 250 Km North of Muscat in the Sohar Port Industrial Zone (“Sohar”), in the Sultanate of Oman.

OMPET wishes to have the facility operational and commence product sales in year 2020. The PTA/PET Facility will be a world-scale project, of high importance to the development of Oman industry. The project includes utilities and off sites facilities to support the PTA and PET processes.

The feedstock to the PTA plant is Para-xylene, which will be supplied from Orpic Aromatics Plant.

PTA is produced from Paraxylene and is a white powder. More than 95% of world’s PTA production is used to produce textile grade polyester and bottle grade polyester (PET).

Petrochemical Industry