Home / Knowledge / News / Textiles / GCC petrochemical producers reduce energy use by 8%
GCC petrochemical producers reduce energy use by 8%
31
Oct '14
“Gulf Cooperation Council (GCC) chemical and petrochemical producers have reduced energy consumption per ton by 8% over the last two years through technical renovations,” says a sustainability report.

According to the Gulf Petrochemicals and Chemicals Association’s (GPCA) inaugural Sustainability Report, petrochemical producers in the Arabian Gulf have made great strides in improving their sustainability performance.

“For example, GCC petrochemical producers have reduced energy consumption per ton by 8% over the last two years through technical renovations,” delegates at the Second Gulf Petrochemicals and Chemicals Association's (GPCA) Sustainability Conference in Dubai, were informed.

Delegates at the GPCA conference heard concerns raised by speakers that, contributing to the global sustainability agenda will be crucial for survival, with a growing world population demanding more resources than the earth can generate.

In her keynote address, Margaret Suckale - Member of the Executive Board at BASF said, “People are demanding resources at a faster rate than the rate at which earth can regenerate reserves, making sustainability an absolute necessity for human survival.”

Dr Abdulrahman Al Jawahery, Board Member at GPCA said, "GCC petrochemical producers have taken extremely important steps to contribute to the global sustainability agenda and I also welcome growth of the petrochemical industry in the region.”

Providing details, Dr Al Jawahery said capacity of the petrochemical industry in the Arabian Gulf has grown to 100 million tons in 30 years, which is forecast to grow further to 170 million tons in the next five 5 years.

“Despite the Middle East region holding an estimated 45% of world's oil and gas reserves, it has only 10% of worldwide global petrochemical capacity, so we will need to learn from companies through collaboration with partners like ExxonMobil, Shell, Dow, BASF, etc," he added.

Revealing the shortcomings in the sector, he informed, “Our educational institutions have not kept pace with the industry growth and enough investment has not flowed in to research and development, other than a SABIC, which has 13 research and development centres.”

Dr. Abdulwahab Al- Sadoun, GPCA's Secretary General said, “Sustainability will require support, not only from company's leadership, but also from stakeholders, governing bodies and employees, making it challenging to 'sell' this concept both within and outside the production facilities.”

He added, “This is a long journey and there is good news, as we are already well on our way to achieving respectable results." (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search