PET Sheet Maker Octal Petrochemicals Expected 200 million Expansion
PET producer and sheet extruder Octal Petrochemicals Fzc LLC of Muscat,
Oman, is planning an expansion costing more than $200 million.
The organization will add 1.16 billion pounds of PET ability at its Salalah, Oman, production plant by June 2012. The firm now has 880 million pounds of PET capacity of which 770 million pounds can be used for on-site sheet production.
In an email, Octal Chief Operating Officer Joe Barenberg stated that the 43 million-square-foot Salalah plant now has two reactors and will add two more in the growth. The firm makes sheet directly from molten PET produced at the site. The process cuts energy practice because there are no drying as well as extrusion screw steps, Barenberg explained.
Moreover, Octal approximates its annual sales will reach $1.5 billion as a result of the expansion.
The firm mainly sells PET products in North America and Europe; however, sales to other worldwide regions are increasing as its location near sea routes. Its PET sheet markets include food and consumer packaging.
Plastic World News Desk - India
The organization will add 1.16 billion pounds of PET ability at its Salalah, Oman, production plant by June 2012. The firm now has 880 million pounds of PET capacity of which 770 million pounds can be used for on-site sheet production.
In an email, Octal Chief Operating Officer Joe Barenberg stated that the 43 million-square-foot Salalah plant now has two reactors and will add two more in the growth. The firm makes sheet directly from molten PET produced at the site. The process cuts energy practice because there are no drying as well as extrusion screw steps, Barenberg explained.
Moreover, Octal approximates its annual sales will reach $1.5 billion as a result of the expansion.
The firm mainly sells PET products in North America and Europe; however, sales to other worldwide regions are increasing as its location near sea routes. Its PET sheet markets include food and consumer packaging.
Plastic World News Desk - India
Advertise on APSense
This advertising space is available.
Post Your Ad Here
Post Your Ad Here
Comments