Oman Sugar Refinery (OSRC) has signed an agreement to establish first sugar refinery facility in the country at the Port of Sohar with an estimated investment of $200m.
The agreement was signed by Port of Sohar secretary-general of the Supreme Council of Planning and chairman Sultan Bin Salim Al Habsi, chief executive officer Andre Toet with OSRC chairman and managing director Nasser Ali Saif Al Hosni.
Under the deal, Sohar Port will lease an 180,000m2 waterfront area for establishing sugar facility with processing capacity of approximately one million tons of raw sugar per annum.
Initially, the plant is expected to have capacity to produce 700,000 tons of sugar in the first phase and will be increased to one million tons within three years.
OSRC stated that the facility will be designed and constructed in collaboration with technology and project management partners - London-based Tate and Lyle Process Technology, a member of Florida based ASR, and Bosch Projects of South Africa.
ASR also owns Tate and Lyle Sugars, which will supply raw sugar to the facility.
OSRC expects to break ground on the sugar plant in the third quarter of 2013 and the production is expected to commence in 2015.
