Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

KSA has 65% share of GCC petrochemical production  Join our daily free Newsletter

MENAFN - Arab News - 22/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The GCC petrochemicals industry has taken positive steps toward achieving environmental sustainability over the last two years, according to the Gulf Petrochemicals and Chemicals Association (GPCA).
"Between 2011 and 2012, the GCC petrochemicals industry not only added capacity to their facilities, but also reduced the emissions per ton of capacity in their manufacturing units," said Abdulwahab Al-Sadoun, secretary general, GPCA. "This is a positive development as it shows that the sector is growing in a way that is environmentally sustainable."
According to the World Resources Institute, China and the United States were the top emitters in 2010, producing 10,385 and 6,866 million tons of greenhouse gases respectively.
"We must also recognize that while the GCC has a high level of emissions per capita, the region as a whole has a lower population density than that of the United States or China," said Al-Sadoun.
Today, Saudi Arabia accounts for 84.2 million tons of petrochemicals capacity, 65 percent of the GCC's production. "As the Kingdom accounts for more than half of the petrochemicals capacity in the GCC, any developments to reduce the production of greenhouse gases will have a positive effect on the region's emissions portfolio," said Sadoun.
Progress to curb emissions has already been made by some companies in Saudi Arabia. In 2009, Saudi International Petrochemical Company (Sipchem) reduced nitrogen oxide emissions by 50 percent through a projectto replace conventional burners in the reformer furnace with burners utilizing the latest induced flue gas recirculation technology. The plant upgrade resulted in reducing emissions from 1,800 tons per year to an annual emissions amount of 500 tons.

"The Sipchem example is an extraordinary achievement contributing to improved air quality in the community," added Al-Sadoun.
While the region's petrochemical companies now track data on some greenhouse gas emissions, the GPCA notes that there is room for improvement.
"We recommend that the region's petrochemical companies continue to monitor greenhouse gases and also track carbon dioxide emissions," advises Al-Sadoun. "Monitoring greenhouse gases is an important factor in developing a sustainable petrochemical facility, making it easier for chemical producers to identify specific areas in which emissions can be reduced."
Reducing greenhouse gases in the petrochemicals industry was the key focus on day one of GPCA's inaugural Sustainability Conference. Nadeem Ahmad Bashir, senior environment and sustainable development engineer, Qatar Fuel Additives Company (QAFAC), provided insights on how the company has reduced its emissions through the recovery of carbon dioxide.
Held from Dec. 17-19 at the Ritz-Carlton Hotel in DIFC, the Sustainability Conference includes speakers from Borouge, Dow Chemical and SABIC discussing way in which chemicals companies can operate profitably in a way that is socially and environmentally responsible.

 


Arab News




  MENA News Headlines
 Jul 27 2016 - Ascott, Bathel Alkhair agree on project in RiyadhMENAFN
(MENAFN) Ascott, a leading service residence owner-operator, is seeking to expand its operations in Saudi Arabia with plans for The Ascott Villas Riyadh.The company signed an agreement with Bathel ...

 Jul 27 2016 - Omran's to deliver three new hotels in MuscatMENAFN
(MENAFN) Oman Tourism Development firm (Omran), a leading tourism developer, heritage and multi-use projects, is on its way to deliver three new hotels in Muscat, boosting room's capacity in Oman by ...

 Jul 27 2016 - Dubai, Abu Dhabi witness Residential rents dropMENAFN
(MENAFN) Residential rents in Dubai and Abu Dhabi has experienced a remarkable drop during the first six months of this year, compared to the same period in 2015, according to a report.In detail, ...

 Jul 27 2016 - Libya fund picks PwC as official advisorMENAFN
(MENAFN) The Libyan Local Investment & Development Fund's (LLIDF) has chosen the professional services firm PwC as its advisor to enhance feasibility studies for three strategic schemes.By the ...

 Jul 27 2016 - Global companies battle to win Saudi projectsMENAFN
(MEANFN) A number of international firms have submitted bids for a consultancy deal to manage Saudi Arabia's National Project Management Office.In detail, a local report in Saudi has revealed that ...

 Jul 27 2016 - Kuwait- Visa for parentsArab Times
(MENAFN - Arab Times) I am in India and daily read the Legal Clinic column of your newspaper. I wish to get your advice on following problem, which you may or may not print it in newspaper. My son ...

 Jul 27 2016 - Kuwait- Landlord problems - Villa rentalArab Times
(MENAFN - Arab Times) First of all I would like to appreciate your service as it helps a lot in understanding the Kuwait laws. Getting further, our house owner has been creating problems for us. We ...

 Jul 27 2016 - It is Erdogan-Brotherhood coupArab Times
(MENAFN - Arab Times) Ahmed Al-Jarallah Editor-in-Chief, the Arab Times IT IS no longer hidden to anybody that Recep Tayyip Erdogan has turned what appears to be a botched coup d'etat, which to him ...

 Jul 27 2016 - Kuwait- Bachelor 'invasion'Arab Times
(MENAFN - Arab Times) I was living in one of the most peaceful residential areas an expat could dream for the last 12 years. I am talking about Block 1, Abu Halifa. In the last few years, a lot of ...

 Jul 27 2016 - Kuwait- Employees problemsArab Times
(MENAFN - Arab Times) I am writing to the Arab Times because I need advice regarding my employment status. Here's my story: Company A and company B went to a certain country to recruit employees. ...

more...


 





Google

Easy Forex

 
 

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