Duqum Petrochemical Industry Company (DPIC) :
- Field of activities: investment in the downstream of oil and gas and establishment of petrochemical complexes.
- DPIC ‘s major projects to invest:
Methanol Plant
MTO (Methanol to Olefin) plant
- Shareholders in DPIC (Investment Partners):
Five Continent Business LLC Company with 50% of ownership
Overseas Oil and Gas Company with 50% of ownership
- Year of Establishment: 2021
- Location: was established under the law of Sultanate of Oman
Methanol Petrochemical Complex Project is under construction with the following Info:
Project Information:
» Capacity: 5,000 Ton per day
» Location: Duqum Free Zone in Sultan of Oman
» Feedstock: Natural Gas
» Licensor: will finalize between 4 European licensor
» Project Duration: 42 Months
» EPC+F Contractor: Hyundai Group
Project Status:
» Selection of Licensor
» EPC+F Contractor is selected
» Preparation of Feasibility Study is ongoing by AXENS
» Financial Model:
» Equity: 30% of total CAPEX
» Debt: 70% of total CAPEX
Traditional Chemical End Uses of Methanol:
» Formaldehyde
» Acetic Acid
» Methyl Methacrylate
» Other Applications
Methanol Energy-related Applications:
» Methanol to olefins / methanol to propylene
» Methanol to Power
» Methanol as fuel
