GCC Petrochemical Producers Seek Efficiency to Build Market Share
Gulf Cooperation Council (GCC) petrochemical producers doubled their share of the global petrochemical industry between 2000 and 2012, and currently account for 14% of world ethylene production. Over the next several years, the region is expected to increase its total petrochemical capacity by 40% by 2018.
Plastic is one of the most common materials produced from ethylene and the petrochemical industry more generally.
However, with margins falling as global competition increases and feedstock for GCC producers becomes tighter, there is an increasing need to focus on efficiency and optimization of operations.
As a long-time partner to the industry, the GE Oil & Gas Downstream Technology Solutions (DTS) division has a wide array of advanced technologies, products and solutions to help operators maximize the production efficiency of their ethylene plants.
These applications for ethylene, low-density polyethylene, ammonia & urea, and refinery processing are on display at this week’s Ethylene Middle East Technology Conference & Exhibition 2014 in Bahrain.
In addition to featuring its technologies at the GE pavilion and in the delegate welcome lounge, Platinum Sponsor GE will offer a series of thought and technical presentations, including a keynote address on optimizing profitability by Hasan Dandashly, vice-president of DTS.
Other presentations include Dr Ahmad Hamad , Senior Sales Manager presenting ‘Ethylene Projects Risk Reduction’ and Riccardo Fabbri, Services Project Leader, presenting a detailed case study of the ‘Versalis Priolo Ethylene Plant Major Upgrade Project’, in which GE was recently recognized by the International Project Management Association (IPMA) with its Project Excellence Gold Level Award.
Visit the GE pavilion located at Bahrain Gulf Hotel Convention Center or click here to learn more about how GE is pushing the boundaries of technology to create new possibilities for its downstream customers.