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Al-Labban ... growing capacity in Middle East.

Middle East ‘perfect hub for petchem industry’

MANAMA, October 22, 2014

The Middle East, specifically the GCC region, has many unique attributes that combine to make it the perfect hub of the global petrochemical industry, said Ziad Al Labban, CEO of Sadara Chemical Company.

He was speaking at the the Gulf region’s first forum focused on ethylene: the Ethylene Middle East Technology 2014 (EMET) Forum, held in Manama, Bahrain between October 19 to 21, under the patronage of Shaikh Ahmed bin Mohammed Al Khalifa, Finance Minister and Minister in Charge of Oil and Gas Affairs in Bahrain.

Al Labban, also the chairman of the EMET 2014 Advisory Committee, said the Middle East today accounts for almost 20 per cent of global ethylene capacity compared to 12 per cent five years ago and is the world’s third largest region for ethylene production.

Al Labban said: “By capitalising on the abundance of natural resources, cost effective feedstock pricing, strong regulatory and industrial infrastructure and close proximity to markets with growing demand for our products, we see plenty of opportunity to not only further develop the chemicals industry, but to specifically diversify Saudi Arabia’s role in it.”

Al Labban added: “This conference has provided the petrochemical industry players including producers, service providers and customers with the perfect opportunity to meet, learn and collaborate to create future value in the ethylene industry.”

Moderating the closing session of the conference, Al Labban engaged four panellists in discussing the future of the industry in topics ranging from specific technical aspects of equipment being used, to operational reliability and future market trends.

The event brought together more than 450 ethylene players from around the region and the world, providing an ideal platform for sharing knowledge, best practices and experience in one of the most growth-oriented industries in the region.

A number of Sadara experts participated as speakers at the Forum, sharing their views on the industry and efforts to maintain its continued growth, as well as highlighting the progress Sadara has made in the construction of its facilities in Jubail.  These speakers included: Ziad Al-Labban in his capacity both as CEO of Sadara and chairman of the EMET 2014 Advisory Committee; David Bronikowski, process engineering supervisor - Hydrocarbons and Energy; and Vishal Karate, process engineer, Mix Feed Cracker - Hydrocarbons and Energy; in addition to a number of other delegates and attendees. - TradeArabia News Service




Tags: petrochemical | sadara |

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