The hard work, commitment and dedication that the team has showed to the financing of LPIC
project is, without a doubt, a source of pride for Orpic.
It is worth mentioning that Orpic also won the 2016 Project Finance International (PFI) Award as Middle East Petrochemical Deal of the Year in London, UK, as well as the MENA PetChems Deal of the Year by IJ Global Awards for the LPIC
Once commissioning in 2020, we are confident that LPIC
will change Orpic's product mix by extracting more value from natural gas and crude oil.
Christiaan van der Wouden, chief operating officer of Orpic, said: "Our organisation is pleased to expand its collaboration with Air Liquide and to secure the highest competitive, reliable and safe supply of nitrogen to the LPIC
project, which is critical to the development of a downstream plastics industry in Oman.
Sultan bin Salim Al Habsi, Secretary-General of the Supreme Council for Planning and Chairman of Orpic Board of Directors said, "We are delighted to celebrate the groundbreaking of the LPIC
EPC 3 to build a state of the art Natural Gas Liquids (NGL) Extraction Plant.
Musab Al Mahruqi, CEO, Orpic explained that LPIC
is the largest project undertaken in Oman and the largest ever in the region to date.
will also enhance the contribution of the industrial sector towards domestic production to 9% by 2020 and will create more than 13,000 new employment opportunities for Omanis.
The day-long event discussed Orpic, as well as CB&I and CTCI Corporation's investment impact on Oman's economy through the LPIC
What's notable about the LPIC
is that it will become an important player on the international petrochemicals stage and support the downstream plastics industry in the Sultanate, creating new business opportunities and jobs for nationals.
He said the LPIC
has six components, which include a steam cracker unit, polymer units, a Natural Gas Liquids (NGL) extraction unit and an NGL pipeline from Fahud to Sohar.
A new plastics production facility, the LPIC
, includes the country's maiden steam cracker.
includes a steam cracker and its associated downstream units to utilise the refinery light ends and the C2+ from Oman's natural gas in order to produce an additional approx.