Foundation stone for new project in Salalah Free Zone

Salalah: Salalah: The foundation stone was laid for an integrated chemical complex by Deepak Oman Industries, a company owned by Deepak Nitrite Limited, which is India’s one of the largest public listed chemical manufacturers.

This is a joint venture project of Deepak Oman Industries, Oman National Investments Development Company (Tanmia) and Muscat Overseas Group.

The foundation was laid under the auspices of Mohammed bin Salim bin Said al Toobi, Minister of Environment and Climate Affairs.

The integrated chemical complex will manufacture a range of chemicals, including calcium chloride, sodium nitrite and sodium nitrate. It has plans to produce many more chemicals based mainly on the resources available in the country.”

“A significant portion of raw materials consumed by the project will be sourced locally, which include ammonia and limestone. The end-products will be consumed by various industries locally and globally in sectors like oil and gas, environment, agriculture, and other industries,” said the source.

The project fits into Oman’s In-Country Value (ICV) programme and the products will also be exported in the region and elsewhere, generating export earnings to the country.

The total investment in first phase of the project is around $120 million. The total volume of production per year is estimated at 225,000 MT per annum of different chemicals. The project will generate employment for locals and is expected to employ more than 100 people.