JBF Industries signs MOU with OOC for PTA plant at Port of Sohar

05-Feb-10
Indian petrochemicals manufacturer JBF Industries Ltd. has inked a Memorandum of Understanding with state owned Oman Oil Company SAOC (OOC) to jointly build a major purified terephthalic acid (PTA) plant at Port of Sohar. A 1.2 mln tpa capacity PTA plant is being planned at a total investment of US$680 mln. The proposed venture will be located near the newly commenced US$1.68 billion complex of Aromatics Oman LLC (AOL). Feedstock for the new plant will be sourced from the adjacent AOL plant that produces paraxylene and benzene. AOL is 70% owned by OOC, 20% owned by Oman Refineries and Petrochemicals Company (ORPC) and 10% by LG International. Gujarat-based JBF Industries, which commenced operations in 1982, is a leading player in the production and supply of polyester chips and partially oriented yarns (POY).
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha