Octal, a global leader in the packaging industry, has tripled its annual production capacity of polyethylene terephthalate (PET) resin this month with the commissioning of two of the world's largest vertical reactors at the company's leading-edge PET complex in Salalah, as per Times of Oman. With a total system output of 1 mln tpa of PET bottle grade resin, Octal has firmly secured its stature in the industry as the largest PET producing site in the world at any single location. Milestone "This milestone is nothing short of incredible," said Chairman Sheikh Saad Suhail Bahwan. "What we have previously been able to produce in three years can now be achieved in only one, giving us a stronger competitive advantage to serve the growing demand for high quality and performing PET resin and sheet in emerging and transitional economies."
With the global packaging industry poised to reach US$820 bln by 2016, Sheikh Bahwan said, "We are building for the future and are confident that PET will continue to register strong demand given its unmatched mechanical and optical properties." "This is driven by rising need for lightweight, functional, user friendly and environmentally responsible packaging," he further added.
The company is now half way through its investment plan with additional capacity scheduled for 2015 and 2016. When complete, the site will manufacture a total of 2.5 mln tpa of Polyethylene terephthalate and PTA.
10-Sep-12 
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