New fleet of 76 public transport buses starts operation in Jeddah on Tuesday Environmentally friendly electric buses introduced for first time    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    EU preparing 'further countermeasures' to protect its interest, von der Leyen says    Saudi Arabia urges stronger global action to protect children in cyberspace at UN    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Saudi Arabia posts SR49.8 billion travel surplus in 2024 as visitor spending hits SR153.6 billion    911 emergency centers handle over 2.8 million calls in March    Israel announces expansion of military operation in Gaza to seize 'large areas' of land    US cancels visa of Nobel Peace Prize winner Oscar Arias    Danish prime minister refutes US claim on Greenland on visit to the Arctic territory    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Cristiano Ronaldo joins Fatal Fury: City of the Wolves    Saudi Arabia welcomes trilateral border treaty between Tajikistan, Kyrgyzstan, and Uzbekistan    Swedish table tennis legend Jörgen Persson appointed head coach of Saudi national team    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GCC plastics industry to usher in a new era for diversification
Published in The Saudi Gazette on 03 - 04 - 2014

JEDDAH – The GCC plastics industry is set to grow and diversify over the next five years, according to the latest findings from the Gulf Petrochemicals & Chemicals Association (GPCA), the region's longest-standing trade association.
Over the last five years, the region's plastic production capacity has almost doubled, rising from 12.7 million tons in 2008, to 24.7 million tons in 2013. Plastics—also referred to as polymers—currently account for 17 percent of the GCC's 144.3 million-ton petrochemical capacity.
“Since the industry began production in the early- 1980s, plastics production in the Gulf has developed in a sustained and steady pattern. However, recent investments by the region's petrochemical players will usher in a period of portfolio diversification,” said Dr. Abdulwahab Al-Sadoun, GPCA's Secretary General. The plastics industry also earns valuable revenues. In 2012, the sale of plastic products resulted in $29.08 billion in revenues, or 35.6 percent of the region's total $81.7 billion earnings.

Saudi Arabia leads the region's plastics industry, producing an estimated 18.4 million tons, over 74 percent of the region's polymer production capacity.
An emerging trend for the GCC's plastic industry will be the diversification of its products portfolio, for wide ranging applications in the aviation, transport and food packaging sectors. By 2017, the region will produce 23 plastic products; more than double the current amount.
“This positive development signals that GCC plastics producers are set to grow and evolve their processes, eventually giving them the position as a market leader in innovation,” said Dr. Sadoun.
Innovation in the plastics industry will be the focus of Plasticon 2014, organized by the GPCA. Held in conjunction with Plastivision ARABIA, the event will focus on the how innovation can lead to global and regional growth of the plastics conversion industry.
Now in its fifth edition, panel sessions at the conference will host senior executives from SABIC, Borouge and Sadara Chemical Company.
Plasticon 2014 will also feature the fourth edition of the Plastics Innovation Awards sponsored by Sabic. Trophies will be awarded to students, academics and industry players who have made a special contribution to improve the application, economics or manufacture of plastics. Winners will be announced on April 8th and will be chosen by a jury comprising the heads of plastic innovation centers in the region and independent consultants from the plastics conversion industry.
Plasticon 2014 will be held on April 7- 9 at the Expo Centre, Sharjah. — SG


Clic here to read the story from its source.