Oman Polypropylene LLC (OPP)'s plant is expected to come on stream in the Q3 2006 to produce 340,000 metric tpa of polypropylene. With this, OPP will join the growing list of petrochemical companies set across the rapidly emerging petrochemical hub in the Gulf region.
The OPP, with a capital of approximately US$340m, is owned 60% by the Government through Omanoil, 20% each by Gulf Investment Corporation (GIC) and LG. The plant is to be located in the coastal coast of Sohar in Oman, half way between Muscat and Dubai in the UAE and an industrial port zone.
03-May-05 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}