Fluor retained as technical advisor for Octal's 500000 ton PET expansion

16-Apr-08
Fluor Corporation has been retained as technical advisor for the expansion of Oman's Octal Petrochemicals polyethylene terephthalate (PET) project in the Salalah free zone in the southeastern part of the country. Octal Petrochemicals will add 500,000 tons of PET capacity in second-phase expansion by May 2010. With this, production capacity will spike to 800,000 tpa, making the company the largest polyester manufacturer in the Middle East and one of the biggest outside of China on one site. Total investment on the site is set to rise to as much as $1 bln uptil completion.
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