Sohar Freezone, Al Tamman Indsil sign agreement for expansion
Sohar Freezone signed an agreement with Al Tamman Indsil FerroChrome LLC (ATIFC) for the expansion of the company’s facility in Sohar. The upcoming project will see the construction of additional ferrochrome furnaces that will increase production capacity.
The agreement was signed by H E Dr Mohammed Nasser al Zaabi, chairman of the board of Sohar Port and Freezone, and Anindya Das, chief financial officer of ATIFC, according to a press release.
Last week, Sanvira Industries Limited also signed an agreement with Sohar Port and Freezone to set up a calcined petroleum coke plant with a total investment of RO75mn.
H E Dr Zaabi said, “Together with the creation of the calcined petroleum coke plant, this agreement enhances the commitment of Sohar Port and Freezone towards encouraging new projects and expansions. This in turn not only boosts developments at the port and freezone, but also helps create new job opportunities and encourages the growth of local SMEs; leading us play an integral part in the sultanate’s economic diversification plans.”
Al Tamman Indsil’s expansion will see the creation of four submerged arc furnaces, which will have a capacity of 24MVA for the production of ferrochrome, with an additional production capacity of approximately 37,500 tonnes per year. Total capacity of the plant, post expansion, is expected to be around 112,500 tonnes per year.
Vinod Narsiman, a partner in ATIFC said, “The expansion will showcase state-of-the-art technology being utilised in the metal and alloy industry in Oman, in line with global best practices. Additionally, the project will see creation of 100 job opportunities, as well as the development of other auxiliary services provided by local businesses.”
Jamal Aziz, deputy CEO of Sohar Port and Freezone said, “Sohar Port and Freezone has always been supportive of creating opportunities for business and growth. Through this project as well as the new calcined petroleum coke plant, we will be able to attract more investments to Sohar Port and Freezone that can benefit from the excellent facilities and existing infrastructure. Alongside our wide network of shipping services, these upcoming projects will in turn reinforce our status as one of the leading logistics hubs in the region.”
Al Tamman Indsil FerroChrome LLC hosts Oman’s first ferrochrome smelter complex. Since its establishment, it has been recognised as one of the first companies to add value to mineral resources in the country.