Global packaging company Octal has commissioned two vertical reactors at the company’s polyethylene terephthalate (PET) plant in Salalah, Oman.
The installations have enabled the company to triple its annual production capacity of PET resin used for water, juice and soft drink bottles.
The Salalah plant is expected to manufacture a total of 2.5mt per annum of PET and PTA, upon its completion.
Octal chairman Sheikh Saad Suhail Bahwan said the company is certain that PET will continue to register strong demand thanks to its mechanical and optical properties.
"What we have previously been able to produce in three years can now be achieved in only one, giving us a stronger competitive advantage to serve the growing demand for high quality and performing PET resin and sheet in emerging and transitional economies," Bahwan said.
Octal is also set to install additional capacity, which is scheduled for 2015 and 2016.
Starting in September 2012, the company will generate $100m in monthly exports, which represents about two percent of Oman’s gross domestic product (GDP), and it plans to invest in new technology and techniques to attract customers for thermoforming industries.
Octal, which has a total system output of one million metric tons a year of PET bottle grade resin, supplies to more than 60 countries across the Middle East, Europe, America and Africa with its resin.
It is expected that the global packaging industry will reach a value of $820bn by 2016.