Borouge, Khalifa Industrial Zone Abu Dhabi (KIZAD), National Industrialisation Company (Tasnee) and Oman Oil Refineries and Petroleum Industries Company (Orpic) have announced their association with ArabPlast 2019, taking place from 5-8 January at Dubai International Convention and Exhibition Centre
While Borouge will serve as a Strategic Partner, KIZAD as Support Sponsor, Tasnee will be the regional associate for the high-net-worth event, while Orpic is the Gold Sponsor.
According to Ubhar Capital, shares in petrochemical companies in the Gulf Cooperation Council (GCC) performed better this year than in 2017 and the outlook looks decent for 2019. In 2018, earnings of GCC petrochemical companies stood at US$7.57bn compared to the full year 2017 earnings of US$7.45bn, higher by two per cent as reported by the Ubhar Capital report.
“GCC countries play a major role in meeting global demands related to plastics and petrochemicals. This has not only increased the productivity of the industry but also strengthened its growth,” said Satish Khanna, general manager at Al Fajer Information & Services, Dubai, organisers of ArabPlast 2019.
With the industry experiencing a steady growth, plans are already in place for a massive investment in the downstream sector, with more than US$200bn expected to be ploughed into new refining and petrochemicals ventures in the GCC by 2025. According to a new report released by the Paris-based International Energy Agency (IEA), primary chemicals consumption will grow almost 60 per cent to one billion tonnes by 2050, where the Gulf will account for 12 per cent of all global high value-chemicals.
“The petrochemical sector has considerable room for growth, and the Gulf represents the world’s fastest growing markets. We are confident that having Borouge, Tasnee and Orpic associate with ArabPlast 2019, will add value to the event, as well as open doors for comprehensive cooperation and business opportunities for visitors and participants,” added Satish Khanna.
At ArabPlast 2019, Borouge, Tasnee and Orpic will highlight their commitment to innovation by showcasing their latest products. In addition, the companies will offer visitors and interested participants an opportunity to discuss business models as well as share best practices for others to adopt at their respective organisations.
In addition to the above, companies as ExxonMobil, Tawazon Chemical Company LLC, Enerplastics LLC, Basell International Trading FZE and Astra Polymers will also participate at ArabPlast 2019. This edition of ArabPlast will witness presence from of more than 900 companies from 30 countries including 14 national pavilions.
“ArabPlast is an important trade fair that focuses not just on ideas and learnings, but on implementation, which offers a real shift towards action. Having the big giants of the industry participate in the fair this year will not only add value to the event but also lead to rewarding partnerships,” said Satish Khanna.
“This helps build a sustainable ecosystem for the development of polymer products, with a focus on leading the conversation around polymer sustainability. We look forward to exploring further collaboration together at ArabPlast 2019, a key event for UAE’s polymer converting industry,” said Samir Chaturvedi, CEO of KIZAD.
