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Chemical Week Magazine :: New Construction Projects
Octal invests to build downstream facility in Saudi Arabia
6:53 AM MDT | March 21, 2014
Octal Petrochemicals, a major producer of polyethylene terephthalate (PET) bottle resin at Salalah, Oman, has announced plans for a $20-million project in Saudi Arabia to manufacture PET cups and trays for the dairy and poultry industries. The company says the project will generate annual revenues of $70 million. Octal will export PET sheet from Salalah to the new facility, due online toward the end of this year. Octalâ€™s announcement follows a deal concluded earlier this year with dairy food company Almarai (Riyadh) to use Octalâ€™s high-definition trays for...
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