- In July 2023, Sohar Freezone and Nasim Chemicals announced a USD 10.4 million investment to build a Dioctyl Phthalate (DOP) and Dioctyl Terephthalate (DOTP) plant. The facility, set to begin construction by the end of the year, will span 5,000 m² with an annual production capacity of 30,000 tons. This project is expected to enhance local logistics, increase container throughput at Sohar port by 2,000 TEU annually, and create new downstream opportunities for PVC products
- In 2023, BASF SE further strengthened its presence in the DOP market by focusing on improving production efficiencies and adhering to strict regulatory requirements. The company’s efforts aimed at optimizing manufacturing processes and ensuring compliance with global standards. This strategic move is expected to support BASF's continued growth in the competitive DOP market
- In January 2023, Eastman Chemical Company enhanced its position in the market by focusing on innovation and sustainability. The company’s initiatives were aimed at addressing the growing global demand for eco-friendly solutions. This strategic approach is designed to align with evolving market trends and strengthen Eastman's competitiveness in the industry
