Business Reporter -
Muscat, JAN 1 -
Sohar Freezone has signed an agreement with Al Tamman Indsil FerroChrome LLC (ATIFC). The upcoming project will see the construction of additional ferrochrome furnaces that will increase production capacity. The agreement was signed between Dr Mohammed Nasser Ali al Zaabi, Chairman of the Board at Sohar Port and Freezone, and CFO Anindya Das, representing ATIFC.
Highlighting the importance of the partnership, Dr Mohammed al Zaabi noted, “Together with the creation of the calcined coke petroleum plant, this agreement enhances the commitment of Sohar towards encouraging new projects and expansions. This in turn not only boosts developments at the Port and Freezone, but also helps create new job opportunities and encourages the growth of local SMEs; leading us play an integral part in the Sultanate’s economic diversification plans.”
The Al Tamman Indsil expansion will see the creation of four submerged arc furnaces, which will have a capacity of 24 MVA for the production of ferrochrome, with an additional production capacity of approximately 37,500 tonnes per year.
The total capacity of the plant, post expansion, is expected to be around 112,500 tonnes per year.
Vinod Narsiman, a partner in ATIFC noted, “The expansion will showcase state-of-the-art technology being utilised in the metal and alloy industry in Oman, in line with global best practices. Additionally, the project will see creation of 100 job opportunities, as well as the development of other auxiliary services provided by local businesses.” TURN TO PAGE 15
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