MOU With Oman Oil For Setting Up 1.2 MT PTA Plant

JBF has signed MOU with Oman Oil Company (part of Oman Refinery) owned by Government of Oman for setting up a 1.2 Million (12 Lacs) Tonnes per annum Purified Terephthalic Acid – PTA plant at Oman as a Joint Venture, at an approximate cost of USD 680 Million.

Project envisages to consume PTA’s raw material - Paraxylene produced by Oman Oil Company. The project will be co-located in the premises of Oman Aromatics to enable transportation of Paraxylene to the PTA plant by a dedicated pipeline.