About OCTAL
OCTAL is a company based in Muscat (Oman) founded in 2006 was acquired by Alpek in February 2022.. OCTAL offers products and services including PET Resins, Polyester Fibers, PTA, PET Sheet, and Thermoforming Packaging. OCTAL operates in a competitive market with competitors including Newlight Technologies, Tidal Vision, Novomer, Calyxia and Puraffinity, among others.
- Headquarter Muscat, Oman
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Sectors
Chemicals & MaterialsIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Alpek Polyester S.A. De C.V.
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Products & Services of OCTAL
OCTAL offers a comprehensive portfolio of products and services, including PET Resins, Polyester Fibers, PTA, PET Sheet, and Thermoforming Packaging. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Material for packaging and bottles in consumer goods.
Durable options for clothing and automotive fabrics.
Raw material for PET production in industrial applications.
Sustainable sheet for food and beverage containers.
PET-based packaging for retail and consumer products.
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Funding Insights of OCTAL
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $625.0M
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First Round
First Round
(04 Nov 2007)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - OCTAL | Valuation |
investors |
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| Nov, 2007 | Amount | Debt – Conventional - OCTAL | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OCTAL
OCTAL has secured backing from 8 investors, including institutional investors. Prominent investors backing the company include HSBC, Bank Muscat and Standard Chartered. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial bank
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Founded Year | Domain | Location | |
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Commercial banking services are offered in Oman.
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Founded Year | Domain | Location | |
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Retail bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OCTAL
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OCTAL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Octal Comparisons
Competitors of OCTAL
OCTAL operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Newlight Technologies, Tidal Vision, Novomer, Calyxia and Puraffinity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of sustainable material using methane-based greenhouse gases
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| domain | founded_year | HQ Location |
Provider of natural biopolymer materials
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| domain | founded_year | HQ Location |
Provider of green plastics and polymers
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| domain | founded_year | HQ Location |
Green chemicals are developed using microcapsule technology for sustainability.
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| domain | founded_year | HQ Location |
Pollutants and PFAS are removed from water using advanced adsorbents.
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| domain | founded_year | HQ Location |
Composite materials are produced from unrecyclable municipal solid waste.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Octal
Frequently Asked Questions about OCTAL
When was OCTAL founded?
OCTAL was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is OCTAL located?
OCTAL is headquartered in Muscat, Oman.
What does OCTAL do?
OCTAL produces PET sheet resin and supplies rigid packing material. Producing nearly 1 million metric tons of bottle grade PET and DPET sheet per year. The spherical shape of PET resin allows for more even heat absorption and eliminates surface dust formations. It claims to offer innovative products by converting from PVC, polystyrene, and PP to fully-recyclable and economically-efficient DPET solutions. Its product claims to have 25 lower carbon footprint than traditionally produced APET using 65 less energy. In addition, it offers raw materials, packaging materials, spare parts, and other fabrications.
Who are the top competitors of OCTAL?
OCTAL's top competitors include Origin Materials, Newlight Technologies and Tidal Vision.
What products or services does OCTAL offer?
OCTAL offers PET Resins, Polyester Fibers, PTA, PET Sheet, and Thermoforming Packaging.
Who are OCTAL's investors?
OCTAL has 8 investors. Key investors include HSBC, Bank Muscat, Standard Chartered, National Bank of Oman, and National Bank of Bahrain.