OQ Leads Oman to $21.2 Billion in Capital Chemical Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--Oman continues to pursue its economic diversification by making huge investments in the chemical industry, led by state-owned OQ, to manufacture new and diversified products and significantly enhance the national gross domestic product (GDP).

OQ owns the country's first-ever ethylene complex, which recently began production, capable of producing 1,918 million pounds per year of ethylene, along with polyethylene, polypropylene, benzene and methyl tertiary butyl ether (MTBE). OQ also has plans to invest in green energy production in Oman over the next few years.

Industrial Info is tracking 19 capital chemical projects in Oman, worth $21.27 billion, led by OQ's five projects, worth $17.4 billion, to produce green hydrogen, ammonia and other products.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a full list of detailed project reports.

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