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Released July 20, 2021 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--Oman's first ethylene plant, owned by the state-run OQ (Muscat, Oman), has delayed its opening due to the COVID-19 pandemic. The plant, which was set to begin production before the recent announcement, is part of Oman's plans diversify its economy, which depends largely on oil and mineral resources, through large investments in its chemical and petrochemical industries.
The OQ plant is designed to produce 1,918 million pounds per year of ethylene, along with polyethylene, polypropylene, benzene and MTBE.
Industrial Info is tracking 26 capital-spending projects in Oman's chemical and petrochemical industries, worth more than $9.5 billion. The bulk of the investment is in the petrochemical sector, with more than $3.9 billion attributed to eight projects, followed by the plastic/rubber sector, with more than $2.2 billion in four projects.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
The OQ plant is designed to produce 1,918 million pounds per year of ethylene, along with polyethylene, polypropylene, benzene and MTBE.
Industrial Info is tracking 26 capital-spending projects in Oman's chemical and petrochemical industries, worth more than $9.5 billion. The bulk of the investment is in the petrochemical sector, with more than $3.9 billion attributed to eight projects, followed by the plastic/rubber sector, with more than $2.2 billion in four projects.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
