Published On:February 4 2010
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JBF Industries INKS MoU with Oman Oil
Mumbai: Synthetic yarn and polyester chips manufacturer JBF Industries Ltd has signed an MoU with Oman Oil Company (part of Oman Refinery) owned by Government of Oman for setting up a 1.2 million tonnes per annum of purified terephthalic acid (PTA) plant at Oman as a joint venture, at an approximate cost of US $680 million.
Project envisages to consume PTA’s raw material - paraxylene produced by Oman Oil Company.
The project will be co-located in the premises of Oman Aromatics to enable transportation of paraxylene to the PTA plant by a dedicated pipeline.