Friday 17 / January / 2025
Muscat: Sohar Port in North Al Batinah Governorate celebrated today the laying of the foundation stone for a polymer production plant with a total investment value of OMR 115.4 million (US$ 300 million), covering an area of 240,000 square meters within the port area, which represents a milestone in the development of the industrial sector in the Sultanate of Oman, and enhances the position of the Omani industry at the global level in the fields of innovation and sustainable development.
The ceremony was sponsored by His Excellency Sultan bin Salim Al Habsi, Minister of Finance, and attended by His Highness Sayyid Faisal bin Turki Al Said, Chairman of the Board of Directors of the International Fine Chemicals Company, and a number of Their Excellencies and Highnesses.
The plant will produce polyacrylamide and monomers, which are essential materials in several vital industries such as energy, agriculture, wastewater management, and paper production. It also seeks to address global challenges in the fields of energy and water, and supports sustainable industrial growth based on innovation.
The project is expected to contribute to strengthening the Sultanate of Oman’s regional and international position in the industrial sector, and enhance the development of downstream industries in the petrochemical complex at Sohar Port and Freezone. In parallel, the plant will start its operations in the first quarter of 2026.
Emil Hoogsteden, CEO of Sohar Port, stressed that this partnership enhances the dynamics of global trade and advances the future vision of the Sultanate of Oman. Sohar Port is establishing itself as a leading global source of industrial chemicals, reflecting the port’s commitment to innovative and accelerated growth.
He pointed out that connecting Sohar Port to global markets by attracting major investments from Singapore and China enhances the port’s position as a strategic investment destination.
For his part, Echo Liu, CEO of Global Fine Chemicals, said that the strategic location of the port provides advanced logistical opportunities that support the growth of the plant and support supply chains in related industries, noting that the project will target multiple markets, whether in the GCC countries or global markets in North and South America and the European Union.
