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FINANCIAL NEWS
Saudi produces 74 percent of GCC polymer capacity
21 Dec 2014
(MENAFN) The National Petrochemical Industrial Co. (NATPET), a Saudi joint stock company, has revealed that 74 percent of the GCC’s polymer capacity, totaling 17.6 million tons, was produced in the Kingdom in 2012, Arab News reported.
NATPET said that HCC polymers capacity grew 2.2 million tons in 2012, with 14 percent annual growth. The bulk of capacity addition was in polyethylene and polypropylene.
The company showed these figures while announcing that the company will be the gold sponsor of ArabPlast 2015, a trade show for the plastic industry, to be held from January 10 to 13.
It added that there was an addition of 2.2 million tons, a 14 percent annual growth. The bulk of capacity addition was related to polyethylene and polypropylene.
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