Home / Knowledge / News / Textiles / GCC nations' petrochemical output rises 5.5% in 2012: GPCA
GCC nations' petrochemical output rises 5.5% in 2012: GPCA
11
Jun '13
The petrochemical production by the six-member Gulf Cooperation Council (GCC) comprising of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman has risen by 5.5 percent in 2012, according to the Annual Report released by the Gulf Petrochemicals and Chemicals Association (GPCA).
 
According to the report, GCC’s petrochemical production increased from 121.1 million tons in 2011 to 127.8 million tons in 2012, showing a rise of 5.5 percent, despite a slowdown in global markets due to the recession in Europe.
 
The report said global petrochemical output grew by 2.6 percent year-on-year last year, which was lower than the 3.8 percent growth rate registered in 2011.
 
Saudi Arabia continues to be the largest petrochemical producer within the GCC. With a capacity of 86.4 million tons, the Kingdom contributes more than half of the GCC’s total petrochemical production.
 
In 2012, around six million tons of petrochemical production capacity was made operational in Saudi Arabia, the report said.
 
During the year, Qatar continued to perform and now accounts for 13.2 percent of the total with production capacity amounting to 15.8 million tons, while Oman’s petrochemical production capacity reached 8.5 million tons equivalent to 7.4 percent of the region’s total.
 
The UAE has production capacity of 6.1 million tons, which is 4.8 percent of the Middle East region’s total capacity. Kuwait with 7.6 million tons of production capacity accounts for 5.9 percent of the Gulf regional capacity, while Bahrain at 1.4 million tons represents 1.1 percent of the regional capacity, the report stated.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile industry

GST has levelled the playing field to an extent

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search