Catalyst

The rapidly emerging petrochemical industries of China, India, and the Middle East are on course to become the world’s biggest in terms of overall capacity, Mukesh D. Ambani, chairman and managing director of Reliance Industries told attendees in Wednesday’s opening keynote speech at the second Annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum in Dubai. The feedstock-rich Middle East, and rapidly growing Chinese and Indian economies “are bound to lead the petrochemical industry.” The three regions can together form “a new silk route,” heralding “a new age” in the petrochemical sector, Ambani told GPCA delegates. “It is a change of profound significance for the industry,” Ambani says.