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 project to 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
 Aug 2 2015 - Qatar to invest in Malaysian debt-laddered 1MDBMENAFN
(MENAFN) According to state news agency Bernama, Malaysia's Prime Minister said that his country and Qatar have expressed an interest in the assets of debt- laddered state fund 1Malasysia Bhd ...

 Aug 2 2015 - Saudi Olympics Mission concludes its participation in International Summer Special Olympics with 23 medalsSaudi Press Agency
(MENAFN - Saudi Press Agency) The Kingdom of Saudi Arabia's mission has concluded its participation in the international competitions of Summer Special Olympics Games, currently being hosted by Los ...

 Aug 2 2015 - Saudi Hair House attracts Scout camp's visitors in JapanSaudi Press Agency
(MENAFN - Saudi Press Agency) Hundreds of participants in the 23rd World Scout Camp being hosted now by Yamaguchi city in Japan have visited 'Saudi Hair House'' held within the Kingdom's ...

 Aug 2 2015 - Kingdom of Saudi Arabia promotes culture of dialogue in Scout Jamboree in JapanSaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi Arabian Boy Scouts Association (SABSA) is organizing a workshop on 'dialogue' as part of the programs at development village GDV 23 in Scout Jamboree 23 being ...

 Aug 2 2015 - Saudi Stock Exchange index concludes July month, up slightlySaudi Press Agency
(MENAFN - Saudi Press Agency) The general index of the Saudi financial market 'Tadawul', closed at the end of last July, at the level of 9,098.27 points, up 11.38 points (0.13%) compared to the ...

 Aug 2 2015 - Prince Bandar bin Abdullah: Late King Abdullah was keen to support Messengers of Peace Initiative of World ScoutSaudi Press Agency
(MENAFN - Saudi Press Agency) Prince Bandar bin Abdullah bin Abdulaziz, Member of the Board of Trustees of King Abdullah bin Abdulaziz International Humanitarian Works Foundation, said that the ...

 Aug 2 2015 - UAE, US nonoil trade amounts to USD24b in 2014MENAFN
(MENAFN) The UAE Ministry of Economy and the National US-Arab Chamber of Commerce have held discussions to boost bilateral trade ties on healthy nonoil trade exchange, which came in at USD24 billion ...

 Aug 2 2015 - UAE- RTA Dubai unveils 10 pedestrian bridges for 2016, 2017Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Board of Executive Directors of the Roads and Transport Authority (RTA), chaired by Mattar Al Tayer, has endorsed the construction of 10 pedestrian bridges ...

 Aug 2 2015 - Egypt to import oil products worth USD16b in 2015-16MENAFN
(MENAFN) According to the Egyptian planning ministry, the country is expected to import 28.6 million tons of crude oil, liquefied natural gas (LNG) and other oil products worth USD16 billion in ...

 Aug 2 2015 - AUE offers 50 scholarships in different disciplinesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) American University in the Emirates (AUE) has offered 50 scholarships, 40 of these being allocated for those pursuing Bachelors Degree, and 10 for students ...

more...


 






Google

Click to Apply

 
 

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