25 June 2012 00:00 [Source: ICB]
GPCA's secretary general, Dr Abdulwahab Al-Sadoun, made the keynote presentation at the 80th International Fertilizers Association (IFA) annual conference in Doha, Qatar, held on May 21-23.
In his presentation, "The Arabian Gulf Region - Shaping a New Frontier in the Global Fertilizer Industry", he highlighted the rapid and sustained growth of the fertilizer industry in the Arabian Gulf.
The new GPCA petrochemicals database, launched in May 2012, forecasts that the total production of fertilizer products will reach 32m tonnes by 2016, compared to 21m tonnes in 2011.
"Massive expansion will take place in the GCC [Gulf Cooperation Council] states, where several ammonia and urea production capacities will come on stream by 2016. That will result in a 7.5% annual growth in production capacity," said Al-Sadoun.
He added: "With the ongoing expansion drive, the Arabian Gulf industry's global position will be growing markedly to account by 2016 for 36% of global urea exports and 24% of the world trade in phosphate fertilizer."
ROLE OF NITROGEN
Saudi Arabia's Minister of Energy and Industry HE Dr Mohammad bin Saleh Al Sada opened the conference. In his opening speech, Al Sada referred to the important and continuing role of nitrogen fertilizer in the production of food, especially when considering population growth and the decreasing availability of arable land. He pointed to the expectations of the UN's Food and Agriculture Organization that food production will need to increase by 70% to provide food for more than 2.3bn extra people by 2050.
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