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Sadara to support advancement of downstream chemicals industry in GCC
(MENAFN- Arab News) The 9th Annual Gulf Petrochemicals and Chemicals Association (GPCA) conference and exhibition concluded recently in Dubai bringing a record number of regional and global leaders together to meet and discuss future trends opportunities and challenges of the industry.
The pre-event session was opened by Ziad Al-Labban CEO of Sadara Chemical Company (Sadara) now building the largest chemical complex ever built in the world in a single phase in Jubail Industrial City II.
During his welcome remarks Al-Labban said construction of the Sadara chemical complex has reached 75 percent and is proceeding on plan and on schedule with best-in-class performance in safety. He added that the complex had reached peak construction with more than 54000 dedicated construction personnel on-site at the beginning of the fourth quarter 2014.
'A key differentiator for Sadara is our commitment to further developing Saudi Arabia's downstream industry and the concept of 'Made in Saudi Arabia' through the visionary idea of PlasChem Park a collaboration between Sadara and the Royal Commission for Jubail and Yanbu' said Al-Labban.
'With 14 of the 26 manufacturing units being constructed at the Sadara complex completely new to the Kingdom we will enable a host of opportunities for local Saudi and international players to invest in facilities to capitalize on and make use of our differentiated products thereby jumpstarting this key downstream manufacturing concept' he added.
The opening day's plenary session included a speech by Mohamed Al-Mady chairman of GPCA and vice chairman and CEO of Saudi Basic Industries Corporation (SABIC); as well as keynote addresses by Khalid Al-Falih president and CEO of Saudi Aramco; and Andrew Liveris chairman and CEO of the Dow Chemical Company.
The conference topics revolved primarily around factors impacting the entire industry including the importance of educating and training the region's human resources global oil and gas prices and the impact these prices have on the chemicals industry as well as the need to differentiate product offerings in order to stay competitive in the ever growing global market.
The 2014 GPCA Annual Forum received more than 2000 delegates from around the world this year providing an essential regional platform for industry players to meet discuss and share knowledge experience and expertise.
The pre-event session was opened by Ziad Al-Labban CEO of Sadara Chemical Company (Sadara) now building the largest chemical complex ever built in the world in a single phase in Jubail Industrial City II.
During his welcome remarks Al-Labban said construction of the Sadara chemical complex has reached 75 percent and is proceeding on plan and on schedule with best-in-class performance in safety. He added that the complex had reached peak construction with more than 54000 dedicated construction personnel on-site at the beginning of the fourth quarter 2014.
'A key differentiator for Sadara is our commitment to further developing Saudi Arabia's downstream industry and the concept of 'Made in Saudi Arabia' through the visionary idea of PlasChem Park a collaboration between Sadara and the Royal Commission for Jubail and Yanbu' said Al-Labban.
'With 14 of the 26 manufacturing units being constructed at the Sadara complex completely new to the Kingdom we will enable a host of opportunities for local Saudi and international players to invest in facilities to capitalize on and make use of our differentiated products thereby jumpstarting this key downstream manufacturing concept' he added.
The opening day's plenary session included a speech by Mohamed Al-Mady chairman of GPCA and vice chairman and CEO of Saudi Basic Industries Corporation (SABIC); as well as keynote addresses by Khalid Al-Falih president and CEO of Saudi Aramco; and Andrew Liveris chairman and CEO of the Dow Chemical Company.
The conference topics revolved primarily around factors impacting the entire industry including the importance of educating and training the region's human resources global oil and gas prices and the impact these prices have on the chemicals industry as well as the need to differentiate product offerings in order to stay competitive in the ever growing global market.
The 2014 GPCA Annual Forum received more than 2000 delegates from around the world this year providing an essential regional platform for industry players to meet discuss and share knowledge experience and expertise.
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