$6.7 billion Liwa Plastics project on track for 2020 completion
Orpic, the nation’s refining and petrochemicals flagship, has revealed that Oman’s most anticipated transformational project, Liwa Plastics Industries Complex (LPIC), is currently 67 per cent complete across all four of its Engineeringprocurement-construction (EPC) packages.
The project is set to improve Orpic’s product mix and business model, double its profit and support the development of a downstream plastics industry in Oman. Taking advantage of the growing global market for plastics, LPIC will create new business opportunities and employment in Oman, and firmly reinforce Orpic as a significant player in the international petrochemicals marketplace as it will bring new business development opportunities for the Sultanate in the fast-growing plastics industry.
Construction is ongoing and is expected to be completed by 2020, said Orpic in a statement. LPIC achieved 31 million Lti-free man-hours out of 47 million man-hours spent since the project was kicked off. The overall cumulative progress achieved was 67.8 per cent against the revised plan of 69.8 per cent till June 2018.
With a total investment of $6.7
POWERING GROWTH: With the highly integrated complex in Suhar including the refineries, aromatics plant, steam cracker and the downstream polypropylene and polyethylene plants, the operation will be one of the best integrated refinery and petrochemical facility combinations in the world, and will be able to achieve the maximum value-added for Oman’s hydrocarbon molecule
billion, LPIC is expected to boost Orpic’s contribution to develop In Country Value (ICV) for the national economy.
“With the global market for plastics growing, the Liwa Plastics Industries Complex will firmly reinforce Orpic as a recognized player in the international petrochemicals marketplace – enabling Oman, for the first time, to produce polyethylene, the form of plastic that rates highest in terms of global demand and increased the current production of polypropylene,” the state-owned entity said.
Liwa Plastics Industries Complex consists of a gas extraction plant in Fahud, a 300-km pipeline from Fahud to Suhar, steam cracker plant, and polymers plant in Suhar Industrial area. The steam cracker plant will process light ends produced in Orpic’s