Corporate News     02-Feb-10
JBF Industries signs MOU with Oman Oil Company
To set up a Purified Terephthalic Acid (PTA) plant at Oman
JBF Industries has signed MOU with Oman Oil Company (part of Oman Refinery) owned by Government of Oman for setting up a 1.2 million tonnes per annum Purified Terephthalic Acid-PTA plant at Oman as a joint venture at an approximate cost of US$ 680 million.

Project envisages to consume PTA's raw material - Paraxylene produced by Oman Oil Company. The project will be co-located in the premises of Oman Aromatics to enable transportation of Paraxylene to the PTA plant by a dedicated pipeline.

Th company made this announcement during the trading hours today, 02 February 2010.

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