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BP, Oman Oil to conduct feasibility study for acetic acid project
November 1, 2017 | 5:31 PM
by A E JAMES/[email protected]
 
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Muscat: British oil giant BP and Oman Oil Company are conducting a feasibility study for building a major acetic acid project in Duqm, said Yusuf Al Ojaili, president of BP Oman here.

“We hope the project to be on stream by 2023-2024, in line with the development of a petrochemical complex by Duqm Refinery,” he added.

According to earlier reports, the project with a projected cost of $1 billion would manufacture acetic acid using BP’s patented technology–the SaaBre process. This is a new process for converting synthetic gas to synthetic acid, which helps in reducing manufacturing costs.

“Recently, we had a discussion with our partner and the government and both parties showed an interest in developing the project,” he said, adding; “It has a lot of potential for developing downstream derivatives in the Duqm area.”



Acetic acid is a versatile intermediate chemical, used in a variety of products, such as paints, adhesives and solvents, as well as in the production of purified terephthalic acid, used extensively for manufacturing polyester.

Few years ago, BP has signed a Memorandum of Understanding (MoU) with the Ministry of Oil and Gas to build the project, which will be of strategic importance to Oman’s economy.



Oman has already started a pipeline project to transport natural gas to Duqm from central Oman since natural gas is the feedstock for several petrochemical industries planned in Duqm. The 290 kilometre-long pipeline will be completed in 2019.



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