Global integrated PET resin and sheet producer – OCTAL will be driving two key PET packaging projects for Petrochemical Lab by Tanfeedh (the National Program for Enhancing Economic Diversification) in Oman.
One of the projects is a ‘PET capacity utilization enhancement’ owned by Octal. The aim of the project is to enhance the company’s production capacity in Salalah and at the same time ensure a low carbon footprint in tune with its current sustainability strategy.
The other project is ‘PET preform and bottles’. Octal will be providing technical and marketing support on a regular bases. The project will be based in Salalah and will be able to leverage on OCTAL’s PET resin production capabilities, technical expertise, and know-how. The project is expected to help build a competitive PET preform production facility that can replace Oman’s imports and also create opportunities for export in the region.
Nicholas Barakat, CEO of OCTAL, said, “The plans we are outlining as part of Tanfeedh focus on supporting promising economic sectors where Oman possesses potential to create a competitive advantage, tackling obstacles to non-oil sector growth, and realising Vision 2040’s ambitions of creating a highly efficient national workforce. With stakeholders from the public and private sectors and members of the general public all participating in the Tanfeedh Labs, we are aiming to collectively contribute to the acceleration of Oman’s diversification strategies.”
Octal has been contributing to Oman’s non-oil sector, specifically manufacturing. The company operates out of the Salalah Free Zone and exports 98 per cent of its annual production to over 80 markets worldwide.
More about PET preforms and packaging in Middle East and Africa will be discussed at CMT’s 19th MEAPET in Casablanca, on 19-20 March, 2018.
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