Home / Knowledge / News / Textiles / Land reclamation to fast track Oman PTA/PET project
Land reclamation to fast track Oman PTA/PET project
06
Feb '13
Port of Sohar, a deep sea port situated in the Sultanate of Oman, is planning for a land reclamation scheme ‘Majees Reclamation Project’ to create around 130 hectares of additional land for investment and development projects including a petrochemical project to produce Purified Terephthalic Acid (PTA) and Poly Ethylene Terephthalate (PET) by Oman Oil Company and LG international.
 
The executive commercial manager of Sohar Industrial Port Company, Mr. Edwin Lammers said The Majees Reclamation Project will create around 130 hectares of additional land which will generate new development opportunities, Oman Observer reported.
 
According to him, within 24 to 30 months, new industrial development will take place in the reclaimed land including the PTA/PET project by Oman Oil Company and LG international.
 
The recently signed joined venture of petrochemical project is estimated to cost US$ 850 million and the plant will have the capacity to produce 1.1 million tonnes of PTA and 500,000 tonnes of PET annually. The plant is scheduled to start its operations by the end of 2016.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Sep 2016

India sees largest gain on WEF’s Competitiveness Index

India has shown the largest gain made by any country on the World...

Textiles | On 28th Sep 2016

World trade in 2016 to grow at slowest pace since 2009

World trade in 2016 will grow at the slowest pace since the 2009...

Textiles | On 28th Sep 2016

Oerlikon to show new yarns and fibres at ITMA+CITME expo

The Oerlikon Manmade Fibers segment, the world market leader for...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search