Gulf petrochem industry booming
The Gulf's petrochemical industry is set to keep on growing, industry insiders claim
Click here to add Boubyan Petrochemical Company as an alert
Disable alert for Boubyan Petrochemical Company,
Click here to add Dubai as an alert
Disable alert for Dubai,
Click here to add EQUATE as an alert
Disable alert for EQUATE,
Click here to add EQUATE Petrochemical Company as an alert
Disable alert for EQUATE Petrochemical Company,
Click here to add Gulf Petrochemicals & Chemicals Association as an alert
Disable alert for Gulf Petrochemicals & Chem ...,
Click here to add Muayad Al-Faresi as an alert
Disable alert for Muayad Al-Faresi,
Click here to add Petrochemical Industries Company as an alert
Disable alert for Petrochemical Industries C ...,
Click here to add Plastics Committee as an alert
Disable alert for Plastics Committee,
Click here to add Qurain Petrochemical Industries Company as an alert
Disable alert for Qurain Petrochemical Indus ...,
Click here to add The Dow Chemical Company as an alert
Disable alert for The Dow Chemical Company,
Click here to add The Gulf Petrochemicals & Chemicals as an alert
Disable alert for The Gulf Petrochemicals & ...
The total investments in the petrochemical sector in the Gulf region will balloon to more than $250 billion by 2015, said an expert while speaking at a major industry event in Dubai.
The 4th International Conference for Plastics Conversion (PlastCon 2013), which opened on Sunday and will run till April 9, will see experts discuss several topics including challenges facing plastic manufacturers and exporting plastics to international markets.
“Currently, most petrochemical downstream industries in the entire Gulf are somewhat basic and not that sizable due to these countries being mainly exporters of basic petrochemical products,” remarked Muayad Al-Faresi, the procurement director of Equate Petrochemical Company, a top sponsor of PlastCon 2013.
A major player in the petrochemical sector based in Kuwait, Equate is an international joint venture between Petrochemical Industries Company, The Dow Chemical Company, Boubyan Petrochemical Company and Qurain Petrochemical Industries Company.
“Having an ambitious and productive downstream industry requires having a suitable local market to consume the output or ensuring that these exports will find sustainable markets,” said Al-Faresi, who is also the vice chairman of The Gulf Petrochemicals & Chemicals Association (GPCA) Plastics Committee.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?
- Al-Faresi: USD 250 billion value of Gulf Petrochemical investments by 2015 EQUATE sponsors GPCA PlastCon 2013
- Plastics poised for a big surge in the Gulf states
- Time for a wake-up call: shale boom triggering over-protectionism, threatening the Gulf
- GCC Pet-chem industry set to boom
- Right on spot: Sabic profits rise 7% despite imminent shale boom