28 November 2012 11:03 [Source: ICIS news]
DUBAI (ICIS)--The petrochemical industry in the Middle East will need to adopt a technology driven approach in order to remain competitive and ensure sustainable growth, Mohamed Al-Mady, chairman of the Gulf Petrochemicals & Chemical Association (GPCA), said on Wednesday.
“We need to direct our efforts towards offering our customers more technologically advanced and complex products,” Al-Mady told delegates at the 7th GPCA Annual Forum in Dubai.
“Our future success centres on our ability to reach out to customers looking for more sophisticated and technologically advanced products,” he said.
Al-Mady also urged Gulf Cooperation Council (GCC) governments to develop strategies to integrate technologies, including green energy, to help release valuable hydrocarbons for the production of chemicals.
Recent developments such as methanol-to-olefins (MTO) technology, the direct use of synthetic gas (syngas) to produce chemicals, bio-renewables and the conversion of municipal solid waste conversion to substitute natural gas or syngas from which chemicals can be made, are driving the industry, he added.
“To remain a leading player on the global stage, our chemical industry must be flexible and responsive to change,” he said.
“To grow, we need to remain competitive in an ever-changing marketplace. This will require us to be more focused on advancing technologies and offer even more innovative solutions,” Al-Mady added.
The 7th GPCA conference is a three-day event ending on 29 November.
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