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Home > News > Market Flash > Sohar Port Welcomes World’s Second Largest Polymer Plant

Sohar Port Welcomes World’s Second Largest Polymer Plant

ECHEMI 2024-12-10

Oman’s Sohar Port and Free Zone has begun construction of the world’s second largest polymer manufacturing plant, a $300 million project undertaken by Universal Fine Chemicals SPC covering an area of 240,000 square meters.

 

Scheduled to be operational in the first quarter of 2026, the state-of-the-art facility will specialize in the production of polyacrylamide and related monomers. These important chemicals can be used in industries such as energy, agriculture, wastewater management and papermaking. By addressing key global challenges in energy production and water management, the project not only strengthens Oman’s industrial landscape, but also contributes to sustainable solutions on a global scale.

 

The groundbreaking ceremony was attended by a large number of officials under the patronage of Sultan bin Salim Al-Habsi, Minister of Finance, and in the presence of Sayyid Faisal bin Turki Al-Said, Chairman of Universal Fine Chemicals SPC. This milestone event highlights Oman’s commitment to innovation, sustainable development and its strategic positioning on the global industrial landscape.

 

Emile Hoogsteden, CEO of Sohar Port, expressed his enthusiasm for the project, saying: "This collaboration is a testament to our commitment to innovative growth and market expansion. By attracting significant foreign direct investment from Singapore and China, we are strengthening Sohar Port's position as a preferred investment destination. This strategic partnership will not only drive economic growth, but also create valuable jobs for the people of Oman."

 

Echo Liu, CEO of Universal Fine Chemicals SPC, echoed this, highlighting the project's potential to open up new markets and stimulate economic growth. "By leveraging SOHAR's strategic geographical location and strong logistics infrastructure, we aim to establish a strong global presence for our products. This move will not only benefit Oman, but will also contribute to the global supply chain of essential chemicals."

 

The polymers produced at the Sohar Port plant will meet the needs of a wide range of industries such as energy, agriculture and water treatment, making Oman a global player in the chemical industry. The plant will use cutting-edge technology to ensure efficient and sustainable production processes. In addition, the project is expected to create a large number of jobs, both directly and indirectly, boosting local employment and contributing to Oman's economic growth.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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