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Markets :: Basic Chemicals :: Petrochemicals :: MTBE

Oman awards technology contracts for $3.6-billion petchem project

2:16 AM MDT | July 15, 2014 | Natasha Alperowicz

Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded several technology provision contracts for its previously announced, $3.6-billion Liwa plastics project (LPP). The combined value of the technology packages has been put at $80 million. Under the terms of the deals, the licensors will provide technology for a natural gas liquids (NGLs) extraction facility; pyrolysis gas (pygas) hydrogenation unit; and methyl tert-butyl ether (MTBE), polypropylene (PP), and polyethylene (PE) plants.   The LPP project, based at Sohar, Oman...

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