Octal: New PET Plastic Plant
Octal, Muscat, Sultanate of Oman, is going to construct a new PET plastic plant. The new complex, located in the Salalah Free Trade Zone in Oman, is funded by an initial $300 million investment in proprietary technology and custom-made production lines. The 330,000t PET resin and APET sheet facility is scheduled to start-up in August 2008. Octal is focused on PET resin for bottles (150,000t/a) and APET sheet (180,000t/a) as the continuing trend towards convenience living is driving strong growth in both beverage and prepared foods packaging. APET is emerging as the strongest overall performer from the standpoint of mechanical and optical performance as well as recyclability.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.