Aromatics are hydrocarbons that are mainly derived from oil and, in smaller quantities, from coal. The main Aromatics products are Paraxylene, Benzene, Toluene and Xylenes. They are primarily used as feedstock for a wide range of petrochemical intermediate products and to a lesser extent as octane boosters for gasoline blending.
Methanol provides a cost efficient way of converting natural gas to liquid, making it easily transportable as an essential chemical feedstock used to produce hundreds of everyday industrial and consumer items. It has also increasingly become a clean-burning, cost-competitive alternative fuel in a fast-growing market, especially in direct gasoline blending, methanol-to-olefins, and biodiesel.
OTI is a leading global physical and derivative player in the petrochemical industry. We physically manage more than 3.7 million tonnes per annum of different petrochemical products which range from Benzene, Toluene, Xylenes, Styrene Monomer, Purified Terephthalic Acid (PTA) and Methanol. As a part of the Oman Inc. family, our strategic cooperation with Oman Oil Refineries and Petroleum Industries Company and Salalah Methanol Company also provides us with exclusive access to more than 1 million tonnes of Aromatics and 1.2 million tonnes of Methanol every year. In addition to these equity volumes, OTI also has well-established global proprietary trading activities, which we leverage on to provide trading, supply-optimization and risk management services to our stakeholders and business associates.