Middle East petrochemicals set to explode

The GCC region plans to become the world’s biggest producer of basic petrochemicals and plastics by 2005, it was announced at the recent MariChem 2001 event in Dubai

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By  Charlotte McDonald Published  January 28, 2001

Hussain Sultan, CEO of Emirates National Oil Corporation (ENOC), believes the GCC could become the world’s largest producer of basic petrochemicals and plastics by 2005. The announcement comes following a three day petrochemical logistics conference held at the opening of the MariChem 2001 event in Dubai.

“The GCC region is the second largest producer of basic petrochemicals and plastics in the world, exporting over 27 million tonnes per annum to 70 countries,” said Sultan. “This number will increase to over 30 million tonnes by the year 2003.”

“We can confidently forecast that the production of basic petrochemicals and plastics in the GCC region will expand faster than any other region in the world,” Sultan added. “By 2005 it will become the world’s largest producer of basic petrochemicals and plastics.”

The theme ‘Delivering the vast Middle East petrochemical and plastics output to worldwide markets; plant-to-customer distribution’ addressed the key issues in each logistics sector with a review of commercial and technical topics.

The conference follows the first MariChem Middle East conference, which took place in Dubai, 1999. Planning was organised through representatives of ENOC, Equate, the GCC Secretariat, SABIC and Gulf Petrochemical Industries.

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