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Husain ..... petrochemicals production at record high.

GCC major player in $3.8 trillion petchem market

DUBAI, October 21, 2014

More than 10 per cent of the global petrochemical and chemical production worth over $3.8 trillion came from Gulf nations, said a top industry expert.

"During 2012, the Gulf’s production capacity of petrochemicals and chemicals, excluding pharmaceuticals, exceeded 129 million tons, making these sectors the second main source of income after petroleum," stated Mohammad Husain, the president & CEO of top Kuwaiti petrochemical firm Equate.

"Among other elements, such a value makes our overall sustainability a must," he noted.

He was speaking at the launch of the second Gulf Petrochemicals & Chemicals Association (GPCA) Sustainability Conference 2014 which opened in Dubai, UAE, today (October 21).

The three-day event will see over 190 industrial leaders, experts and professionals from around the world  discuss major issues with regard to the petrochemical and chemical sectors.

"Having such significance, the matter is not limited to manufacturing and making profits. It is a comprehensive framework of sustainability through human innovation to ensure addressing all relevant functions, such as the environment, health, safety, technology, production, communication, marketing, supply chain, human resources, sales and business development," said Husain.

Over the last several years, Equate has launched several critical initiatives, such the Middle East’s First Plant Water Recycling Project and Kuwait’s First CO2 Recovery project, all thanks to its distinguished human resources, he added.-TradeArabia News Service
 




Tags: petrochemical | GCC | Equate |

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