18 November 2011 00:25 [Source: ICIS news]
Correction: In the ICIS story headlined “OCTAL to complete US PET plant expansion in 2012” dated 18 November 2011, please read the headline as “OCTAL to complete Oman PET plant …” instead of “OCTAL to complete US PET plant…” In the first paragraph please read … polyethylene terephthlate (PET) expansion at its plant in Oman in May 2012 … instead of … expansion at its Plano plant in Texas …. In the third paragraph, please read … the Oman plant consumes” … instead of … the Plano plant .... A corrected story follows.
HOUSTON (ICIS)--OCTAL plans to complete a 527,000 tonne/year polyethylene terephthlate (PET) expansion at its Oman plant in May 2012, the Oman-based producer said on Thursday.
The $200m (€148m) expansion consists of two production lines, bringing total capacity at the site to 927,000 tonnes/year of PET bottle grade resin. The plant is also designed to generate low-carbon footprint PET products.
OCTAL said the Oman plant consumes up to 20% less natural gas than other PET plants. The integrated facility also recycles trim waste left behind during the manufacturing process and offers recycling options to its customers.
OCTAL operates a 360,000 tonne bottle grade resin PET plant in Muscat, Oman, according to ICIS plants and projects.
Earlier this year, Italian PET producer Mossi & Ghisolfi announced the construction of a 1.2m tonne/year of purified terephthalic acid (PTA) plant and a 1m tonnes/year PET plant in Corpus Christi, Texas.
($1 = €0.74)
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