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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

GCC fertilizer industry outstrips global growth

10:21 AM MDT | July 21, 2014 | —Natasha Alperowicz

The fertilizer industry in the Arabian Gulf, led by increased investments from petrochemical producers, is growing twice as fast as the worldwide industry average, the Gulf Petrochemicals and Chemicals Association (GPCA; Dubai) announced recently, ahead of its fifth fertilizer convention in September. GPCA estimates that the Gulf Cooperation Council’s (GCC) fertilizer production capacity reached 42.7 million m.t./year in 2013, a 4.0% increase from the previous year, and that the worldwide fertilizer industry grew just 1.7% in the same period. Capacity...

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