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.
www.orpic.om
