Europe's petrochemical industry will face a competitive assault as US rivals emerge with cheap feedstock from the shale gas boom. It can look to the refining industry now for a taste of what is to come.
Refinery closures have
The fertiliser manufacturers in the GCC region must diversify their portfolios to withstand future oil and gas feedstock challenges, said a top industry official.
"GCC producers must diversify their fertiliser portfolio to in
Oman plans to invite bids to build a steam cracker plant worth $3.5 billion with a production capacity of one million tonnes a year of petrochemical products, two sources close to the project said on Tuesday.
The planned cracker w
Investments into Saudi Arabia’s petrochemical sector have reached SR3.6 trillion ($959 billion), thus making it a primary source of material for related products such as packaging and plastic, said organisers of an upcoming expo in Riyadh.
Improved operational efficiencies and lower risk and multiples expansion as well as lower feedstock cost will drive the net income of the top 10 petrochemical stocks in Saudi Arabia in 2013, a report said.
The total net income of
Petrochemicals and metals company Industries Qatar (IQ) posted a 36.8 per cent rise in first-quarter net profit on Monday, beating analysts' expectations.
The Gulf's second-largest chemical producer by market value after S
The GCC petrochemicals and chemicals capacity is forecast to soar 50 per cent by 2020, according to Gulf Petrochemicals and Chemicals Association (G PER CENTA)'s latest annual database update.
The updated database foresees the
Bahrain-based Gulf Petrochemical Industries Company (GPIC) has achieved its targets in production, export and occupational safety for the first quarter of the year, said a report.
Since a major maintenance at the plant carried out
When Oman unveiled a plan last year to build a large petrochemical complex alongside a $6 billion refinery in the southern coastal town of Duqm, officials hailed the project as a step towards diversifying income and creating jobs.
Arabplast 2013, the Middle East's premier trade show for rubber, plastics and plastic processing, concluded today in Dubai after recording machinery deals worth more than $3 billion, said organisers.
The show attracted 30,000