| Business function | OCTAL Petrochemicals LLC FZC | Muscat, Sultanate of Oman
OCTAL secures US$296 million for next phase of expansion
Global PET packaging leader OCTAL is on track to complete the second phase of its operational expansion this year following a new round of funding from six Middle Eastern banks.The privately owned, Oman-based manufacturer opened a 400,000 metric ton (m/t) PET resins and sheet packaging facility in…
| PET materials | Uhde Inventa-Fischer | Berlin, Germany
MTR® - a new plant for OCTAL
CTAL Petrochemicals recently signed a contract with Uhde Inventa-Fischer to build a 550,000 tpy plant for the production of PET resin. The contract for delivery of two lines unique to OCTAL will use the state-of-the-art of Melt-to-Resin MTR® technology proprietary to Uhde Inventa-Fischer.The…
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