The Gulf remains as world’s largest producer and exporter of petrochemicals
The Gulf region is the world’s largest producer and exporter of petrochemicals commanding 11 per cent of the $600 billion global petrochemical industry. From 2007-2016, 139 petrochemical projects were introduced in the GCC valued at $215 billion, according to a leading petrochemical Saudi company.
This was a fact highlighted during the ArabPlast 2017, one of the largest petrochemical exhibition in the world.
China, which witnessed a rise in the petrochemicals industry in 2016, has occupied the largest pavilion at the exhibition, promoting the latest innovative product solutions and machinery. According to BMI research, ethylene output in the first eight months of 2016 was up 6.6 per cent year-on-year to 13.9 million tonnes and primary plastic production raised 7.9 per cent year-on-year to 66.4 million tonnes.
Turkey whose pavilion was successful remains a significant importer of petrochemicals. The Turkish Petkim's expanded ethylene plant, which has seen capacity increase from 520,000 tonnes per annum (tpa) to 600,000tpa, supported petrochemicals output growth in the first half of 2016, according to BMI. Turkey is typically dependent on imports for up to 2mn tpa of polyolefins. In the case of low density polyethylene (LDPE) local production meets around 50-60 per cent of demand. Given this, the Turkish delegation is taking advantage of ArabPlast in order to find new business opportunities and potential investments
The exhibition is the right spot for the giants of the sector of plastics and petrochemicals to display their latest technologies and solutions and connect with each other in order to conclude deals and build partnerships, said Satish Khanna, General Manager, Al Fajer Information and Services, Co-organiser of the show along with Germany’s Messe Dusseldorf.
The exhibition displays a wide range of machinery and techniques covering several areas from plastic machinery, plastic/rubber processing technology, pre and post-processing systems, plastic packaging technology, to injection moulding, blow moulding, wrapping technology, extrusions, chemicals and additives, semi finished goods, engineering plastics and plastic products.
From Europe, the focus was on German machineries, very appreciated for their technicity, innovation, exactitude and efficiency. The exhibition brought the German machine manufacturer ARBURG that is one of the world’s leading manufacturers of hydraulic, hybrid and electric injection moulding machines. The company’s stand showcased Arburg’s innovative manufacturing system that has been developed in-house. ARBURG became one of the first companies to gain triple certification: to ISO 9001 (Quality), ISO 14001 (Environment) and ISO 50001 (Energy). ARBURG has a local subsidiary in Ras Al Khaimah that provides first-rate consulting in all aspects of injection.