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OCTAL PETROCHEMICALS STILL ON TRACK TO BECOME THE WORLD'S LARGEST SUSTAINABLE PET PRODUCER IN 2012

11/15/2011

Plano, TX- OCTAL's plant expansion is on track for completion in May 2012 and will feature an additional 527,000 tons of capacity per year for PET bottle grade resin. Once achieved OCTAL will be producing 927,000 tons annually, making it the largest sustainable plant in the world on one site.

The US $200M expansion, comprising of two production lines with a capacity of 750 metric tons per day, employs the latest cutting-edge sustainable PET technology. Through the application of pioneering technologies the plant has been designed to yield the lowest available carbon footprint PET products.

OCTAL has already set new global benchmarks for both product and environmental excellence and currently uses 67% less electricity to manufacture DPET™ sheet and 38% less energy for PET resin. In addition, 80% of water used in the purpose-designed production facility is reused and all of OCTAL's energy needs are derived from clean burning natural gas with its on-site high efficiency burners consuming up to 20% less gas than traditional PET plants. The integrated facility also has the ability to recycle trim waste during the manufacturing process and offers customers various recycling options.

States OCTAL's COO William J. Barenberg: "This total integration of sustainability into our plant design gives us the ability to provide the global packaging industry with 927,000 tons per year of PET resin with a lower carbon foot print. We believe this will help encourage markets to migrate from less efficient materials to PET as the preferred clear rigid polymer."

Corporate Data

OCTAL is the brand name of Octal Petrochemicals LLC FZC. The company is based in Muscat (Sultanate of Oman) and operates sales and customer support facilities in the USA, the UK, Germany and China. OCTAL is a one hundred percent subsidiary of OCTAL Holding & Company with 400 employees with sales of $ 500 million dollars.

For More Information: www.octal.com

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