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Global petchem firms....to set up alliances in GCC

GCC rail projects to boost petchem trade growth

DUBAI, January 12, 2015

Rail developments in the Gulf Cooperation Council (GCC) region are set to accelerate the growth of the plastics industry through increased intra-region petrochemical trade, according to a recent report.

Global petrochemical companies will increasingly set up strategic alliances in the GCC, said the Frost & Sullivan white paper on the GCC petrochemical industry, recently unveiled at a exhibition in Dubai.

Meanwhile, the Gulf Petrochemicals and Chemicals Association (GPCA) has estimated that by 2020 the region’s plastics conversion will grow phenomenally to reach 7.5 million tonnes per annum capacity, an increase of nearly 40 per cent of current output.

These statistics were revealed at ArabPlast 2015, the region’s biggest petrochemical exhibition and one of the largest in the world, which is being held in Dubai International Convention and Exhibition Centre until January 13.

Satish Khanna, general manager, Al Fajer Information and Services, co-organiser of the show along with Germany’s Messe Dusseldorf, said that the trend among global companies to set up major alliances in the region as part of the target to add over 15 million MT of capacity across various petrochemicals until 2017 had given a strong boost to ArabPlast 2015.

“From 2008 - 2013, the region’s plastics production capacity has almost doubled, rising from 12.7 million tonnes per annum (tpa) in 2008 to 24.7 million tpa in 2013. For 2018, the overall plastics production is expected to reach roughly 35 million tpa, according to GPCA,” he said.

Jeen Joshua, group project manager of ArabPlast, said: “On day two of the show, there was a highlight on effect pigments that enable a wide range of interesting plastics applications.

“There was a display of visual effects that provide colorists and designers with a broad spectrum of options to emphasize the unique character of products with attractive shades and glitter effects.”

“A new generation of effect pigments has been tailored for functional properties. For example, there was a display of family of products from ECKART that is suitable for the manufacture of ‘Cool Plastics.’ These plastics heat up less, as the functional pigments are extremely efficient at reflecting sunlight. This means that car dashboards and garden furniture stay cool, with comfortable surface temperatures, even if exposed to direct sunlight,” he added. - TradeArabia News Service




Tags: petrochemical | Companies | Rail | Projects |

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