(MENAFN - Arab News) A Gulf-wide initiative is to be launched to save energy with the region's population reaching nearly 46 million.
The Gulf Cooperation Council's Gulf Petrochemicals and Chemicals Association (GPCA) inaugural Sustainability Conference held recently, announced a new community outreach initiative, which will engage all industry players, including academic institutions, NGOs, governments and customers.
"The initiative will help reduce waste and preserve energy in the six-nation Gulf Cooperation Council," said a report released by the GPCA here on Thursday.
The focus of the initiative is on urging companies in the industry to take ownership of the impact they have on sustainability, by knowing and understanding the risks in reducing wastes, designing appropriate risk management measures, communicating these risks to the public and continuous monitoring and re-evaluation of activities.
The GCC insists that there are more sustainable ways of operating within the petrochemicals industry, without harming the environment or economy. For example, less than ten percent of plastics is recycled in the region and, out of the 160 billion pounds (lbs) of waste generated each year, approximately 52 billion is plastics waste.
The Dow Chemical Company saved substantially after reducing solid waste by 1.6 billion lbs, water use by 183 billion lbs, and 900 trillion BTUs of energy. The company ended up saving 5 billion on a 1 billion investment.
Atieh Abu Raqabah, general manager of corporate sustainability at SABIC, suggests that that the recovery of carbon dioxide could be used to make polymers and could be a huge achievement for the industry.
The GPCA's "Clean up the Gulf" initiative will expand in 2014 and will expect a 50 percent increase in the participation of its member companies. This will go a long way in cleaning drive and in energy consumption, while educating the public about the need to sustain this kind of initiative.