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
 Sep 30 2016 - Italy's Eni confirms renewable energy deal with EgyptMENAFN
(MENAFN) Italian oil Eni agreed a common strategy with Egypt to construct renewable energy projects in the country.Moreover, the first project will be a solar plant in Sinai with output of 50 MW, ...

 Sep 30 2016 - Oman's budget deficit reaches USD10.83bn in H1MENAFN
(MENAFN) Oman's budget deficit increased and crossed the RO4bn mark for Jan-July period this year as government revenue continued to hurt by weak oil prices.Meanwhile, the deficit grew by 68 percent ...

 Sep 30 2016 - UAE hotels to cut costs by 20pctMENAFN
(MENAFN) Hotels in the UAE could cut their costs by more than 20 percent by reducing their energy and water consumption.Moreover, hotels with poor environmental policies consume three times more ...

 Sep 29 2016 - Kimberly process chair steps up momentum on Africa initiativeMENAFN Press
(MENAFN Press) Zimbabwe was the next stop on his extensive tour of African States, to give Africa a Voice, for which the Kimberley Process was originally intended. In Harare, the KP Chair met with ...

 Sep 29 2016 - Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020 next five years in an average of 106% CAGR; by 2020 over 430 billion products will be sold, and 21 ...

 Sep 29 2016 - NY Gov. Cuomo's Justice Center a Corruption SchemeMENAFN Press
(MENAFN Press) NY Gov. Cuomo's Justice Center a Corruption Scheme Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February 15,2007 The corruption is ...

 Sep 29 2016 - Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North AmericaMENAFN Press
(MENAFN Press) Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North America The 3rd annual Biosimilars North America by popular demand, ...

 Sep 29 2016 - Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022.MENAFN Press
(MENAFN Press) Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022. Global Haptic Interface Market Information, by Components (Hardware, Software), ...

 Sep 29 2016 - Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Cold Forging Machine Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September ...

 Sep 29 2016 - Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021MENAFN Press
(MENAFN Press) Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021 Global Wind Power Market Information Report by Application (Residential ...

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

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