BP is progressing with plans to build a 1mn t/yr acetic acid plant in Oman jointly with the state-owned Oman Oil (OOC).
The companies signed an initial agreement to cover the evaluation and detailed feasibility study of the project, which will be located at a special economic zone in Duqm, a port town in the country’s central-eastern region.
A BP spokesman said the project startup is targeted in 2019, but did not give a timeline when the final agreements will be signed. The plant will be using BP’s new SaaBre technology.
Acetic acid is an intermediate chemical used in making paints, adhesives and solvents, as well as in the production of purified terephthalic acid (PTA), a raw material for the manufacture of polyester and PET resins used to make plastic bottles.
BP and OOC are also jointly pursuing the development of the Khazzan tight gas field, which is expected to start production in late-2017. Around $16bn will be invested in the Khazzan project, spread across a 15-year drilling programme.
Oman Oil is also developing a refinery and petrochemical complex at the Duqm site.
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