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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
GCC fertilizer industry outstrips global growth
6:51 AM MDT | July 18, 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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