19 Sep 2019
As calls for more sustainable plastics grow, Oman Oil and Orpic Group to outline their portfolio as the New PE and PP Partner
Oman Oil and Orpic Group, one of the fastest growing companies in the world, will outline their ambitious portfolio expansion strategy at K 2019 in Düsseldorf, Germany (October 16-23, Hall 6.1, N-04).
The Liwa Plastics Industries Complex (LPIC) investment will see Oman Oil and Orpic Group’s production of PE and PP increase to 1.4 million tons by 2020. The product portfolio will include linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE) and Polypropylene (PP). The improvement of the product mix helps Oman Oil and Orpic Group partners to address the growing global demand for innovative polymers. “We are proud that with our polymer products, we are shaping possibilities across the Packaging, Infrastructure, Household and Appliances, Agriculture, and Healthcare industries,” says Talal al Awfi, Chief Commercial Officer, Oman Oil and Orpic Group.
At K 2019, Oman Oil and Orpic Group will share its strategy into these new areas of the plastics industry, with an expansion of their PP capabilities and their entry into the PE space. Executives will explain how they are uniquely positioned to combine agility, innovation and state-of-the-art technology to develop game-changing specialty solutions for their customers. The newly developed “Think It… Make It” campaign highlights how the company is set to revolutionize the plastics industry by collaborating with plastics converters in identifying opportunities in the areas of sustainability, efficiency and performance.
“Oman Oil and Orpic Group will share how our new vision and strategy can function within tomorrow’s winning products. We will present how our R&D and Technical Services departments can team up with our customers to transform concepts into reality,” adds Talal al Awfi.
In Q1 2019, Oman Oil and Orpic Group announced ambitious plans to invest US$28bn in 9 core assets over the next 10 years. These core assets include OXEA, one of the leading companies for oxo chemicals, with headquarters in Germany and fully owned by Oman Oil and Orpic Group since 2013.
Other mega projects valued at US$16bn are currently running, including the construction of the US$6.7bn Liwa Plastics Industries Complex (LPIC) for sustainable polymers. The LPIC steam cracker project will allow Polyethylene (PE) to be produced in Oman for the first time, as well as strengthening the company’s polypropylene capabilities.
For more information, visit Oman Oil and Orpic Group’s K 2019 website www.OrpicK2019.com ahead of the event October 16-23, Düsseldorf, Germany.
Orpic Polymer Marketing
P.O Box 3568, P.C 112
Muscat, Sultanate of Oman
+968 2210 7774
Notes for editors
About Oman Oil and Orpic Group
Oman Oil and Orpic Group embarks on a strategic growth journey as an INTEGRATED ENERGY company Delivering Sustainability & BUSINESS EXCELLENCE, the Omani way. Its integration Programme (Nakhla) was launched in December 2018 to form one company from nine core assets: Orpic, Oman Oil Company Exploration and Production, Oman Gas Company, Duqm Refinery, Salalah Methanol Company, Oman Trading International in Muscat, OXEA, Salalah Liquified Petroleum Gas and OMPET. The Oman Oil and Orpic Group seeks to build an environment where talent thrives globally, capturing and capitalising on greater participation in the global hydrocarbon value chain. The Group also focuses on facilitating local and international private participation in Oman’s oil and gas sectors to increase value for shareholders and the Group’s contribution to the Nation.