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GCC capacity rises

7:50 AM MDT | July 12, 2013

Petrochemicals capacity in the Gulf Cooperation Council (GCC) region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, increased by 5.5% in 2012, according to the Gulf Petrochemical and Chemical Association (GPCA; Dubai). Capacity grew to 127.8 million m.t./year in 2012 from 121.1 million m.t./year in 2011. The GCC petrochemical sector is forecast to reach a production capacity of 183.9 million m.t./year by 2017, representing annual growth of 7% over the next four years, GPCA...

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