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02 February 2011

Octal expansion debt closed Octal Petrochemicals has signed a $311 million eight-year project financing to sup­port the $562 million expansion of its PET/ APET manufacturing facility in Salalah, Oman. The company hopes to add another 527,000 tonnes per year (tpy) of capacity to the 330,000 tpy plant. The facility was built in 2009 at an initial cost of $350 million, with $166.5 mil­lion of...

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