Oman’s OQ starts production at $100m plastics plant

Oman’s state-owned energy group OQ has started production at a $100 million plastics manufacturing project located in a free zone in the north of the sultanate.

The project will produce 90,000 tonnes a year across nine plants operated by OQ subsidiary Ladayn Polymer at the Sohar free zone.

About 70 percent of the output will be exported and 30 percent will be sold domestically. 

“Ladayn Polymer will boost the in-country value of the group’s investment strategy to enrich local markets, support domestic products and strengthen small and medium enterprises,” said OQ.

It said the project will create about 500 jobs and trade opportunities for local SMEs. 

Ladayn Polymer is focused on helping Oman become self-sufficient in plastic products and boost its presence in the international plastics market.

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OQ operates across the entire energy chain, including oil and gas exploration and production, refining, petrochemicals, trading, alternative energy, power generation, infrastructure and transportation for energy. 

The company also produces methanol, ammonia and LPG through its subsidiary OQ Base Industries.

OQ’s other subsidiaries include Oman Oil Refineries and Petroleum Industries Company, Oman Gas Company, Oman Polypropylene Company and Oman Trading International.