Oman Plast 2017 to be held from March 21-23

MUSCAT: Silver Star Corporation will organise the fourth international plastics, rubber, petrochemicals, printing and packaging industry 2017 –Oman Plast 2017 at the Oman Convention and Exhibition Centre, Muscat from March 21-23.

Hilal bin Hamad al Hasani, CEO, PEIE, will formally open Oman Plast 2017 at 10 am on March 21.

Oman Plast 2017 will showcase the latest technology and machineries used in manufacturing of plastics, rubber, petrochemicals, printing and packaging. It will be an ideal platform for Oman and its neighbouring countries to source new technology and products through this knowledge forum. As the petrochemical industry is one of the main components of the Omani economy, the event will give great impetus to further diversify its growth.

In fact, the plastics industry per sector has seen sustained growth levels in the region as Middle East and African markets are expected to deliver noteworthy gains right up to 2018. An annual growth rate of around 30 per cent has been projected. This region is emerging as a leading global plastic production resin hub with capacities expected to double in the coming years.

The polyethylene production capacities in the Gulf region will increase from 10.7 million tonnes in 2009 to 21.5 million tonnes by the year 2018, an increase of slightly over 100 per cent. Likewise, the production capacities of polypropylene will increase from 4.8 million tonnes in 2009 to 9.5 million by year 2018, an Increase of 98 per cent.

The Middle East remains the largest source of plastic raw materials; up to 16 per cent of the region’s abundant petroleum supply that is not used for energy production and is converted into other materials such as plastic products.