Al Labban speaking at the EMET forum in Bahrain

Al Labban speaking at the EMET forum in Bahrain

Mideast ethylene potential high

01 November 2014

ALREADY accounting for nearly 20 per cent of the global ethylene capacity against 12 per cent five years ago, the Middle East, now the third largest region for ethylene production, is on a further growth path with ample opportunities for regional businessmen to capitalise on the vast capacity, remarked Sadara Chemical Company chief executive Ziad Al Labban.

He was speaking at the Ethylene Middle East Technology 2014 (EMET) Forum in Bahrain, where he was chairman of its advisory committee. 

“By capitalising on the abundance of natural resources, cost-effective feedstock pricing, strong regulatory and industrial infrastructure and close proximity to markets with growing demand for our products, we see plenty of opportunity to not only further develop the chemicals industry, but also to specifically diversify Saudi Arabia’s role in it,” said Al Labban.

“The Middle East, specifically the GCC region, has many unique attributes that combine to make it the perfect hub of the global petrochemical industry. This conference has provided the petrochemical industry players including producers, service providers and customers with the perfect opportunity to meet, learn and collaborate to create future value in the ethylene industry,” noted Al Labban.

Sadara, a $20 billion joint venture between Saudi Aramco and The Dow Chemical, is constructing in Jubail Industrial City the world’s largest chemical complex ever built in a single phase with 26 integrated world-scale manufacturing plants that will produce more than three million tonnes of products every year.

Several other Sadara experts participated as speakers at the forum. They included David Bronikowski, process engineering supervisor – hydrocarbons and energy, and Vishal Karate, process engineer, mix feed cracker – hydrocarbons and energy.

The forum brought together more than 450 ethylene players from around the world.

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