OMAN – Ladayn Polymer Park, an industrial zone dedicated to the manufacture of multi-use plastic products in Suhar, has invited Expressions of Interest from investors seeking to operate from this first-of-its-kind cluster in the Sultanate of Oman.
Set up as a partnership between OQ, the wholly government-owned global integrated energy, and the Public Establishment for Industrial Estates (Madayn), Ladayn Polymer Park is currently being developed on a 1 million m3 site at Suhar Industrial City.
Polymer as feedstock for investors is envisioned to come primarily from OQ’s multibillion-dollar Liwa Plastics complex located nearby.
“The Park will make the most of the Sultanate of Oman’s position as a major polymer producer to strategically grow the number and productivity of local converters and enhance the national polymer ecosystem, striving to become a leading global force in driving positive change in plastics innovation,” said OQ in an introduction to Ladayn Polymer Park.
“It will further drive an increase in local demand for the upstream production of polymers, levels of technology used by industry, the value of products manufactured, business activity, and employment in the sector.”
Significantly, Ladayn Polymer Park has identified as many as 20 different polymer-based product categories that are suitable for investment in this cluster. These categories open potentially hundreds of business opportunities linked to polymer conversion.
Given this promising investment potential for downstream value creation, output from Ladayn Polymer Park is envisioned at around 150 kilotonnes of multi-use plastics products by the year 2030.
The facility is being actively targeted at small and medium-sized investors, as well as corporates.
Further, to help with the development of local manpower with the skillsets to work in plastics conversion industries, Ladayn has announced plans to collaborate with a private specialized plastic processing training institute.
“Through such an (arrangement), the Park aims to (develop) a quality, skillful, well-trained and dedicated workforce,” added OQ.
“It will also provide continuous development of required technical skills. In addition, it could introduce a strong polymer curriculum in different colleges and universities in the country.”
Meanwhile, last week OQ showcased, at Chinaplas 2023, its insights and advanced solutions for rigid packaging – to help customers across Northeast Asia (NEA) and Southeast Asia (SEA) better capture market demand.
The company unveiled its OQLuban HP2151T, which is designed for thin-wall packaging, the highlighted grade’s higher flowability (60MI), faster cooling and less warpage can assist packaging manufacturers to speed up cycle time by up to 5% for improved productivity.
The company says it is also able to deliver up to 15% energy savings and up to 8% CO2 reduction potential during molding for enhanced sustainability.
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