MAK German Group to build $550M PTA/PET plant in Sohar, Oman

MAK Germany Group signed an agreement on January 27, 2026, with Sohar Port and Freezone to invest $550 million in an integrated PTA and PET production base in Oman. The facility will have an annual capacity of 1.5 million tons.

“MAK will relocate the existing PTA and PET production equipment from the Port of Rotterdam to Sohar Freezone in Oman.”news.chemnet.com

• 1 source
• news.chemnet.comMAK German Group Invests $550 Million to Establish PTA/PET Base in Oman - ChemNetFeb 2, 2026

Summarized from public sources; check the original articles before acting on it.