Date(s) - 14 May 2013
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Dubai – May 14 – 2013 — EQUATE Petrochemical Company said that Gulf countries export over 80% of their petrochemical production.
On the sideline of the Fifth Gulf Petrochemicals & Chemicals Association (GPCA) Supply Chain Conference, EQUATE President & CEO Mohammad Husain said, “These exports have included over 30 million metric tons (MT) of petrochemicals during 2012, while they were only 10 million MT in 1999 which is an increase of over 250% in just 13 years with an average annual growth of exports by 5%.”
Husain noted a number of challenges facing Gulf exports, such as port congestions, inadequate infrastructure and instability of market conditions, explaining that despite all these challenges, the Gulf’s international exports continue to increase.
Husain said that EQUATE’s total exports, from plants owned and operated by it, exceed 3 million tons of products, including solid material such as polyethylene and polypropylene, as well as the main liquids that include ethylene glycol, styrene monomer and paraxylene.
In addition to leading EQUATE, Husain is a member of GPCA Board and heads it Supply Chain Committee. EQUATE is one of GPCA’s main founders.
Sponsored by EQUATE, the GPCA Supply Chain Fourth Conference is taking place in Dubai, the UAE, from May 13-15, with the attendance of over 350 delegates representing petrochemical and shipping companies from around the world.
Established in 1995, EQUATE is an international joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Commencing production in 1997, EQUATE is the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa and Europe.