Gulf Cooperation Council (GCC) states are planning to increase their share of petrochemicals' production in the global market, upto 25 per cent in 2025, but are wary of the many challenges they face.
The Gulf petrochemical industry has witnessed a strong revival over the years, reinforcing its position as a global key resource. Production increased from about 50 million tonnes in 2004 to more than 100 million metric tonnes currently, ranging from chemical products to fuel additives, polyvinyl and aromatics.
Times of Oman
25 August
