The Fourth Forum of the Gulf Petrochemicals and Chemicals (GPCA) which began on yesterday, December 8th, 2009 and lasts for three days, will conclude its activities tomorrow Thursday in Dubai. It was organized by the Association in cooperation with Chemical Week magazine, and participation of a large number of eminent experts in the sectors of petrochemicals and chemicals at the regional and international levels. It discussed the future of the industry under the global financial crisis.
TASNEE has participated in the forum and co-sponsored it as a founding and prominent member in the union, which was founded in March 2006. Now it includes in its membership 141 companies from 20 countries, and increasingly it becomes important and plays a prominent role in supporting the petrochemicals and chemicals industry and addresses the challenges faced at all levels.
The Forum took place in a period witnesses the transfer of the international petrochemical sector weight to the Gulf region by entering the phase of operation sooner by many factories in the region phase and declining levels of production in the rest of the world by the closure of a number of factories in the traditional areas of production in Europe and the United States of America. Arabian Gulf region plays an increasing role in the international petrochemical industry. Currently it produces 11% of the total petrochemical production in the world, and it is expected to reach 16% in the coming period due to new investments in the region, which will be fruitful in the coming years. It is expected that the region's production of ethylene will be doubled by about 19 million metric tons per year which is major unit of construction in the petrochemical sector.