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Another recycling plant for Oman: Sohar Port and Freezone and Starsun Sohar have signed a land lease agreement to set up a USD 3 mn lead acid battery recycling plant in Oman, according to a statement. The project will be the third recycling plant in the Sohar Freezone.
About the plant: The recycling plant will focus on extracting valuable materials from used batteries with a projected annual production capacity of 12k tons, the statement said. The plant will export the extracted material — including lead ingots, lead oxide, and red lead oxide — to several markets including China, the EU, India, and Korea, and the materials to be traded on the London Metal Exchange.
Sohar 💚 metals: Sohar Port and Freezone has signed a land lease agreement with Sohar Noble Metals to set up a USD 7 mn vanadium and niobium metal production facility in the freezone last August. The plant’s production was earmarked for export to the EU and US.
Oman is plowing ahead on waste management: Sohar Port and Freezone signed a land lease agreement with Elite Hazardous Waste Management Solution to build a USD 3.5 mn hazardous waste treatment plant in the zone last July.Oman Environmental Services Holding Company also started talks to finance the construction of the second phase of the hazardous waste treatment project in Sohar in August.
