Oman’s Sohar Port signs pact for $300m polymer plant

Sohar Port and Freezone has signed an agreement with Universal Fine Chemicals to establish a $300 million polymer manufacturing plant in Sohar Port.

The project, set up on a total area of 240,000 sq m, will cater to various sectors such as energy, agriculture, wastewater management, and the pulp and paper industry in the Middle East, North and South America and Europe, state-run Oman News Agency reported.

“The agreement will not only be shaping trade dynamics but also drive Oman’s Vision 2040 forward,” said Emile Hoogsteden, CEO of Sohar Port.

In July, Sohar Port and Freezone signed a land lease agreement with Green Ferro Alloy to establish the sultanate’s first $68 million silicon metal plant.

The plant will produce high-quality silicon metal, initially at a capacity of 25,000 tonnes per annum (TPA) in the first phase and expanding to 50,000 TPA in the second phase.