Tuesday 31 January 2023

OQ opens new $463m liquid ammonia plant in Oman

MUSCAT, 14 days ago

OQ, a global integrated energy group, has announced the launch of its new ammonia plant in Dhofar governorate of Oman which has been built at an investment of about $463 million. The new facility will boast a production capacity of 1,000 metric tonnes per day of liquid ammonia.
Like other strategic development projects of the group, OQ’s ammonia plant in Dhofar contributes to enhancing the in-country added value. The value of OQ’s procurements from Omani companies amounted to about $199 million, said a statement from the Omani group. 
Products manufactured in Oman had a big share of it. The project has also contributed to creating many job and training opportunities. Additionally, it has supported some social investment initiatives in Dhofar governorate, it added.
The plant was inaugurated by Governor of Dhofar Sayyid Marwan Turki Al Said in the presence of a number of senior officials.
Speaking at the opening, Sayyid Marwan said: "The new plant will contribute to supporting the economic activities in the energy sector, particularly for small and medium enterprises (SMEs) and provide direct and indirect employment opportunities for fresh and experienced Omanis."
Ammonia is used as a key ingredient in the production of fertilizers and is an important intermediate chemical in the manufacturing of synthetic resins, detergents, coolants, synthetic fibres, and polyurethanes, among other applications. 
The new project reflects the efforts exerted by OQ Group to leverage the use of Omani natural resources, maximize its benefits and boost the processing industries in the Sultanate of Oman, he stated. 
Group CEO Talal Al Awfi said this plant is another economic asset that is being added to OQ’s investments in Dhofar governorate, which already houses three major projects of the group including the methanol plant and Salalah LPG Plant, OQ Ammonia Plant, as well as Raysut Petroleum Products Storage Terminal.
"This plant is integrated with the existing 1 million tonnes per year capacity Methanol plant, which will enable OQ Group to rationalize the cost and optimize performance and production efficiency," he added.-TradeArabia News Service


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