# OCTAL secures $625M banking facilities to expand PET capacity in Oman, USA and Saudi Arabia

OCTAL, the largest global PET sheet and resin manufacturer on a single site, secured US$625 million of banking facilities to fund capex expansion at its locations in Oman, USA and Saudi Arabia.

- Type: Expansion
- Announced: 2020-01-14
- Where: Salalah, Oman
- Value: $625.0M
- Status: announced
- Capacity: almost one million metric tonnes annual total
- Products: PET sheet, PET resin, DPET sheet
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [OCTAL](https://endata.com/companies/6002.md)

## Sources

- [packagingmea.com](https://www.packagingmea.com/octal-creates-global-hub-for-pet-out-of-oman/), 2020-01-14: "OCTAL recently secured US$625mn of banking facilities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.