SUHAR: High Highness Sayyid Asaad bin Tarik al Said, Deputy Prime Minister for International Relations and Cooperation Affairs, Personal Representative of His Majesty the Sultan, will preside over the launching ceremony of Liwa Plastics Industries Complex (LPIC), a RO 2.7-million mega project of OQ, at Suhar Industrial Port, on Monday.
The LPIC is part of the government’s plans to diversify income sources and enhance infrastructure as one of the investment projects in the petrochemicals industry that aims to boost the value of natural resources in the Sultanate of Oman.
LPIC consists of four packages, three of which have already entered commercial operation phase while the integrated commercial operation of package 1 is under way. The local added value of the project during the construction phase was nearly RO 578 million.
The project aims to boost the infrastructure sector by adding 838,000t/yr of polyethylene (PE) and about 300,000t/yr of polypropylene (PP), raising total production of both products in the country to 1.4mn t/yr from around 1mn t/yr. — ONA
