Octal Petrochemicals starts polyethylene terephthalate manufacturing facility in Saudi Arabia
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Octal to manufacture PET cups, trays in Saudi Arabia

5:02 AM, 12th February 2014
Octal Petrochemicals starts polyethylene terephthalate manufacturing facility in Saudi Arabia

MUSCAT, OMAN: Octal Petrochemicals is setting up a project in Saudi Arabia to manufacture polyethylene terephthalate (PET) dairy cups and trays for dairy and poultry industries. Octal Petrochemicals will be investing $20 million for the downstream project, which will generate $70 million revenue per annum, once it goes on stream.

“We are in an advanced stage to implement the project. We have already formed the company and have recently leased the land. Orders have been placed for equipment. Our main base of operations is in Oman and Saudi will be a downstream project for a specific segment, which is dairy segment. The project is a downstream venture to our Salalah project. The main raw material (PET sheets) for the Saudi project will be exported from Salalah,” said Geroge Freiji, Manager (Corporate Development), Octal.

 

© Times of Oman News 

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