GCC to see $ 55 bn worth of new petrochemical projects

Oct 25, 2010 12:00 AM

Over $ 55 bn worth of new projects are in the pipeline in the petrochemical and chemical sector in the GCC and the current export volume from GCC to other countries is 80 mm tpy, a top official at the Gulf Petrochemical and Chemical Association (GPCA) said.

"The GCC region accounts for 16 % of the global output of chemicals and petrochemicals and 2015 it will increase to 20 %," Abdulwahab Al-Sadoun, the secretary general of GPCA told.

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