(MidEast & North Africa PET Resin & Polyester Trade, Recycling & Technologies)
04-05 Mar, 2015 - Sharm el-Sheikh, EGYPT
Sheraton Sharm Hotel, Resort, Villas & Spa
(MidEast & North Africa PET Resin & Polyester Trade, Recycling & Technologies)
Sheraton Sharm Hotel, Resort, Villas & Spa
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Oman International Petrochemical Industry Company (OMPET), a joint venture between Oman Oil Co, Takamul Investment and South Korea's LG International Corporation, has joined hands with Sohar Port and Freezone for a eco-friendly packaging materials manufacturing facility.
The plant is expected to produce 1.5 million tonnes of eco-friendly packaging materials. After becoming fully functional, the facility will manufacture 1.1 million tonnes of PTA, the raw material that is used for producing PET.
A 330,000 m2 plot in Sohar will be leased by OMPET to produce 250 kilotonnes of PET for production of bottles for packing soft drinks and single-serve beverages.
Being adjacent to Oman Oil Refineries and Petroleum Industries Company (Orpic), the new PET plant will be able to consume the paraxylene produced by Orpic's Aromatics unit.
With the global beverage industry, currently, valued at around $1.3tn and the global demand for PET expected to grow to around 20 million by 2019, the new facility can grab a share of this market.
More on PET capacities in the Middle East will be discussed at 16th MENAPET (MidEast & North Africa PET Resin & Polyester Trade, Recycling & Technologies) on 4-5 March, 2015 in Sharm el-Sheikh.
Contact Ms, Hafizah at hafizah@cmtsp.com.sg or call +65 63469218 for more details.
10 Feb, 2015
India's Department of Revenue under the Ministry of Finance has imposed an anti-dumping duty of $62.82 a tonne on the import of PTA from China and $23.75 from the European Union. Purified terephthalic acid (PTA) is a raw material used in polyester production.
On the other hand, imports from South Korea, depending on who is the exporter, will be levied a duty ranging from $19.05 a metre to $117.49 a metre. Meanwhile, imports from Thailand will face duties of $27.49 a metre to $99.51.
Although the move has been welcomed by PTA producers, PTA users like polyester companies say that it will increase manufacturing costs, and will hurt the industry. The petition for imposing anti-dumping duty was filed by Reliance Industries and Mitsubishi Chemical Corporation while PTA Users Association is of the opinion that the move is likely to create a non-level playing field for polyester producers in the country vis-a-vis imports.
More on PTA market trends will be discussed at 16th MENAPET (MidEast & North Africa PET Resin & Polyester Trade, Recycling & Technologies) on 4-5 March, 2015 in Sharm el-Sheikh.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
26 Jan, 2015
Asian Fibres, a UAE-based recycling major, will invest $100 million in the single largest production facility for regenerated polyester staple fibre (RPSF) in the MENA region.
The 860,000 square feet production facility located in Ras Al Khaimah, is already under construction, and is slated to begin operations by May, 2015.
The facility will manufacture and supply RPSF produced from post-Polyethylene terephthalate (PET) bottles. The facility will use both waste and virgin PET bottles for manufacturing RPSF.
PET waste accounts for a considerable amount of waste in UAE and therefore, Asian Fibres sources its raw material from its suppliers in the country.
The new facility is expected to have an initial capacity of 100 MT per day, which will double in a year's time.
More on PET recycling in MENA region will be discussed at 16th MENAPET (MidEast & North Africa PET Resin & Polyester Trade, Recycling & Technologies) on 4-5 March, 2015 in Sharm el-Sheikh.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
16 Jan, 2015
There is a growing demand for bottled water in Saudi Arabia and to cater to it, Health Water Bottling Company is deploying a PET bottling line that can produce 134,000 bottles per hour - which will be the fastest in the world.
The major bottled water supplier in Saudi Arabia has acquired the complete PET line from Sidel.
From February 2015 onwards, PET water bottles will be produced in 330- and 600-mL formats by HWB.
HWB's bottled water brand is known as Nova.
Both still and carbonated bottled water in the Saudi Arabian market is witnessing robust demand - mostly driven by the country's growing population.
In fact bottled water off-trade sales volume rose by a whopping 52.4% between 2007 and 2012, which is almost surpassing the sales of carbonated beverages.
16th MENAPET (Middle East & North Africa PET Resin Trade, Applications & Recycling) scheduled on 4-5 March, 2015 in Sharm el-Sheikh will explore more on PET packaging in Middle East and North Africa.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
13 Nov, 2014
