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OMAN: Joint venture construction contract award for planned $500,000,000 methanol plant,...

PROJECT OVERVIEW:

An international joint venture operating under the name of OMAN METHANOL CO. LLC (OMC) was recently awarded a construction contract for a new methanol plant. The partners in the planned undertaking and their respective shareholdings include Germany-based, FERROSTAAL AG (20%), METHANOL HOLDINGS INTERNATIONAL LTD. (50%) of Trinidad & Tobago and the local OMAR ZAWAWI ESTABLISHMENT (OMZEST - 30%)

Construction plans call for building a facility with an installed production capacity of 1.05 million tons. Product output is intended to supply Eu

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