Global integrated energy group OQ announced that three companies, representing a combined investment of $42 million, will start operations at Oman’s Ladayn Polymer Park in early 2025.
SABIC, OQ and Kuwait Petroleum International (KPI) have agreed to jointly develop a petrochemical complex in Duqm, Oman, reviving a project that stalled in late 2020 because of the coronavirus pandemic.
An international consortium comprising the alternative energy business of Oman’s OQ, Japanese conglomerate Marubeni, industrial gases group Linde and engineering firm Dutco has signed a joint agreement to develop a green hydrogen and green ammonia project in the Salalah Free Zone.
OQ Chemicals – formerly Oxea – has agreed to license its proprietary technology for the production of ethylene and propylene derivatives to Oman’s Duqm Refinery and Petrochemicals Industries Company (DRPIC).
