OCTAL - About the company
OCTAL is an acquired company based in Muscat (Oman), founded in 2006. It operates as a Producer of PET sheet and resin on a single site. OCTAL has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 419 active competitors, including 112 funded and 21 that have exited. Its top competitors include companies like Calyxia, Xampla and Shellworks.
Company Details
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.
- Website
- octal.com
- Social
- Email ID
- *****@octal.com
- Phone Number
- +968 **********
Key Metrics
Founded Year
2006
Location
Muscat, Oman
Stage
Acquired
Latest Funding Round
Last Known Valuation
$***** as on Aug 19, 2024
Ranked
96th among 419 active competitors
Employee Count
635 as on Jul 31, 2026
Exit Details
Acquired by Alpek (Feb 01, 2022)
OCTAL's acquisition details
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OCTAL's funding and investors
OCTAL has raised funding over 2 rounds. Its first funding round was on Nov 04, 2007. Its latest funding round was a Conventional Debt round on Jul 16, 2019 for $*****. 7 investors participated in its latest round. OCTAL has 12 institutional investors.
Here is the list of recent funding rounds of OCTAL:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 16, 2019 | 1585150 | Conventional Debt | 8119571 | 6318474 | 1017449 | 4632527 |
Nov 04, 2007 | 3980383 | Conventional Debt | 6442427 | 3231009 | 8372382 |
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OCTAL's founders and board of directors
Founder? Claim ProfileOCTAL's employee count trend
OCTAL has 635 employees as of Jul 26. Here is OCTAL's employee count trend over the years:
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OCTAL's Competitors and alternates
Top competitors of OCTAL include Calyxia, Xampla and Shellworks. Here is the list of Top 10 competitors of OCTAL, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of diversified green chemicals | $53.7M | 63/100 | ||
2nd | Xampla 2018, Cambridge (United Kingdom), Series A | Manufacturer of plant based bio-degradable packaging products | $31.9M | 62/100 | |
3rd | Shellworks 2018, London (United Kingdom), Series A | Biotech startup Shellworks is focused on creating sustainable alternatives to plastic packaging by turning waste crustacean shells into biodegradable and compostable products. | $22.1M | 62/100 | |
4th |  Econic Technologies 2011, Macclesfield (United Kingdom), Series E | Developer of technology that transforms carbon dioxide into valuable raw materials | $43.2M | 61/100 | |
5th | Manufacturer of biotech silk protein materials for various industry applications | $130M | 61/100 | ||
6th |  EF Polymer 2018, Okinawa (Japan), Series B | Manufacturer of organic super-absorbent hydrogel for sustainable agriculture | $28.9M | 61/100 | |
7th | Developer of biofabricated cellulose-based ingredients intended to replace petrochemicals in products | $11M | 60/100 | ||
8th | Manufacturer of bioplastics from agricultural waste | $39M | 60/100 | ||
9th |  Tidal Vision 2014, Bellingham (United States), Series B | Provider of natural biopolymer materials | $337M | 58/100 | |
10th |  Newlight Technologies 2003, Huntington Beach (United States), Series F | Developer of technology converting greenhouse gas into biomaterial for product manufacturing | $220M | 57/100 | |
96th | Producer of PET sheet and resin on a single site | - | 35/100 |
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OCTAL's Investments and acquisitions
OCTAL has made no investments or acquisitions yet.
News related to OCTAL
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Omani plastics firm Octal said to weigh $800m saleArabian Business•Jun 15, 2021•OCTAL, JPMorgan Chase
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Oman's OCTAL secures $625 million in banking facilitiesReuters•Jul 16, 2019•OCTAL, Bank Muscat, BankDhofar, National Bank of Oman and 5 others
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