Oman Oil Refineries and Petroleum Company (Orpic) is celebrating today the ground-breaking of Package three of its Liwa Plastics Industries Complex (LPIC) Project.
The event, which is taking place in the Wilayate of Ibri, Fahud, is being held under the patronage of Sultan bin Salim Al Habsi, secretary-general of Supreme Council for Planning and Orpic chairman in the presence of a number of officials and community members from the Wilayate of Ibri.
A consortium of two corporations GS Engineering and Construction and Mitsui & Co has been awarded the contract to execute the engineering, procurement and construction for Package three at a cost of $688 million.
LPIC will firmly reinforce Orpic as a recognised player in the international petrochemicals marketplace – enabling Oman, for the first time, to produce polyethylene, a form of plastic that rates highest in terms of global demand and increase the current production of polypropylene.
The project will be the first of its kind in the sultanate and will enable Oman to take the downstream plastics industry to the next level, a statement said.