Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

GPCA urges Gulf petrochemical producers to conserve water or face strict regulations  Join our daily free Newsletter

MENAFN - Arab News - 14/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) With water consumption by the GCC petrochemicals industry reaching 1.16 trillion cubic meters in 2012, petrochemical producers must conserve water in their manufacturing processes to avoid the implementation of strict regulations, advises the Gulf Petrochemicals and Chemicals Association (GPCA), claimed to be the region's longest standing trade association.

The findings on water usage in the Gulf's petrochemical industry are revealed in the GPCA's latest Performance Metrics Report, which also measures greenhouse gas emissions and hazardous waste generated by the sector. According to the report, water consumption in the region has risen from 1.12 trillion cubic meters in 2010, an increase of 3.5 percent over a two-year period.

"The industry's capacity has grown by more than 12 percent over the last two years. However, GCC petrochemical companies should take steps to conserve water due to the scarcity of this finite resource in the region," said Abdulwahab Al-Sadoun, secretary general of the GPCA.
Last year, the United Nations World Water Development Report noted that the growth in population and consumption in the Middle East threatened the quality and quantity of available water in the region, which now imports up to 60 percent of its fresh water.
Significant volumes of water - either from underground sources or desalination - are used by the petrochemical industry in the GCC for the production of petrochemicals or for cooling purposes, explained Al-Sadoun. "It is in the interest of the petrochemical industry to conserve and protect this finite resource. The sector is dependent on water in nearly every aspect of its value chain," said Al-Sadoun.

GCC petrochemical producers must develop strategies, processes and practices that conserve the quantity and quality of water now. "If the GCC leaders pass regulations on water conservation tomorrow, it will be very difficult for the region's petrochemical producers to change their procedures overnight."
The region's petrochemical producers have already started to change the way they use water. Borouge uses over a billion cubic meters fresh and municipal water to produce plastics. However, between 2011 and 2012, the company saved 24 million cubic meters of fresh water by introducing cold seawater, sourced from the local utilities plant, in their manufacturing processes.

Meanwhile, Saudi Basic Industries Corporation (SABIC) has a water management system that is focused on minimizing the use of fresh water. The company recycles a large percentage of water in its operations. This strategy has led to savings of one million cubic meters of fresh water in the 2011-2012 period.
Water management in the petrochemicals industry will be a key focus at the inaugural Sustainability Conference. Hosted by the GPCA, the event gathers industry leaders and experts to discuss ways in which chemicals companies can operate profitably, in a way that is responsible to the people and planet.
The GPCA Sustainability Conference will be held from Dec. 17-19 at the Ritz-Carlton Hotel in DIFC.

 


Arab News




  MENA News Headlines
 Dec 18 2014 - First Etihad superjumbo to take off next weekAFP
(MENAFN - AFP) The maiden flight of Etihad Airways' long-awaited Airbus A380 superjumbo will take place next week, the Abu Dhabi carrier said Thursday, also announcing its first Boeing 787 Dreamliner ...

 Dec 18 2014 - Saudi crude oil exports grow to 6.9m bpd in Oct.MENAFN
(MENAFN) Top oil exporter Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domestic refineries remained high allowing more oil products exports, official data ...

 Dec 18 2014 - MEA ICT spending to hit USD270b in 2015MENAFN
(MENAFN) According to a recent report by International Data Corporation (IDC), the Middle East and Africa spending on information and communications technology (ICT) is expected to register a growth ...

 Dec 18 2014 - Expo 2020 to generate USD37.83b in revenue for DubaiMENAFN
(MENAFN) The UAE Ministry of Economy said that it expects the Expo 2020 to bring financial returns of about USD37.83 billion to Dubai, as well as attract more than 25 million visitors, 70 percent of ...

 Dec 18 2014 - Qatar Airways to boost Oman's Salalah serviceMENAFN
(MENAFN) Qatar Airways announced it is planning to add four new services to Salalah, Oman's second largest city, by next February, thus bringing the number of its flights to the city to eight weekly ...

 Dec 18 2014 - Abraaj , Kellogg bidding war intensifies over Egypt's Bisco MisrMENAFN
(MENAFN) The bidding war between UAE's Abraaj Investment Management and Kellogg Co, the breakfast cereal maker, with each company continuously outbidding the other for the acquisition of Egypt's ...

 Dec 18 2014 - UAE's ME Digital Group acquires CoboneMENAFN
(MENAFN) Middle East Digital Group, the online publishing, content and services company and owner of Expatwoman.com, announced it has acquired the online coupon website Cobone in a multi-million ...

 Dec 18 2014 - Dubai's real estate to lead economic growth in 2015MENAFN
(MENAFN) Dubai's Department of Economic Development said that it expects real estate and construction will likely drive economic growth in 2015, which is expected to grow 4.5 percent next year ...

 Dec 18 2014 - Oman's Orpic to invest USD3.6b on increasing productionMENAFN
(MENAFN) Oman Oil Refineries and Petroleum Industries Company (Orpic) announced that its production capacity of polypropylene and polyethylene will increase to 1.4 million tons, when its USD3.6 ...

 Dec 18 2014 - Qatar- HH the Emir, HH the Father Emir Attend National Day Parade -1Qatar News Agency
(MENAFN - QNA) The parade started with the national anthem and the firing of 18-shot gun to celebrate the National Day, followed by a recitation of verses from the Holy Quran. The parade included ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help