Muscat: Duqm –based Gold Fin International Company has opened, on Thursday, the first fish oil refinery unit at the Duqm Special Economic Zone (SEZAD) with a production capacity of 10 tonnes per day of fish oil.
Located in the area designated for the fish and food industries, the unit will help extract fatty acids that fish oil contains, including (omega-3) and other oils suitable for human consumption.
In this regard, Eng. Ahmed bin Ali Akak, Acting CEO of the Special Economic Zone, said that the opening of this factory represents an added value for the fish and food industries in the region, pointing out that the unit adopts the latest technologies in refining and producing the fish oil.
Mohamed Bashir, the owner of the factory, explained that the 3 million-worth factory’s products are expected to meet the needs and requirements of the local market, whereas the rest will be exported to regional and international markets.
He stressed that the factory will continue, through its old unit, to meet the needs of the local and international markets for raw materials that reach China and India as a primary market, as well as Thailand and Malaysia.
Muhammad Basheer, Chairman and the owner of the plant, said, "We are proud today to open this unit in our plant within a short period , which is constantly growing in the Special Economic Zone at Duqm.
The plant is considered, after the inauguration of its new unit, as the first plant in Oman to export such high-quality human Consumption Fish Oil products from Duqm to the world. We export our products to meet the needs and requirements of the International Market. Our international markets need such high-quality products for human consumption.
Basheer added that the cost for establishing the fish plant, which was inaugurated in 2018, in the zone designated for fish and food industries, is estimated at $3 million OMR.
The plant crushes fish and transfer it to a dry powder that is used as animals feed and aquaculture industry, Pet food industry at
25%, and 10-12% as fish oil, and the remaining percentage is in the form of liquid. He stressed that the plant will continue, through its former unit, to meet the needs of international markets for raw material that reaches China and India and Europe, as a primary market, and Thailand and Malaysia and Asian Sector. We are truly studying expansion in the near future, even though we are new to the zone.