19 November 2013 07:59 [Source: ICIS news]
DUBAI (ICIS)--Petrochemical producers in the Middle East are increasingly paying more attention to innovation, recognising it as a key to their growth, an industry executive said on Tuesday.
“Innovation is more than a task, it is a culture,” Moayyed Al Qurtas, chairman of the research and innovation committee of the Gulf Petrochemicals and Chemicals Association (GPCA), told ICIS.
Al Qurtas said more and more companies in the Gulf Cooperation Council (GCC) were focusing on innovation that includes among other things operations, maintenance, marketing and product development.
The GCC consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
“There are companies in the Gulf today which are developing their own processes,” he said at the side lines of the 8th annual GPCA Forum being held in Dubai from Tuesday to Thursday.
He added that in the near future “…you will see technology being brought into the region and technology being exported as well.”
Innovation is also the theme of GPCA’s annual forum.
The secretary general of GPCA, Abdulwahab Al-Sadoun, had earlier told ICIS that there was an ongoing drive towards performance chemicals and engineering plastics in the region.
“We have already seen several companies investing in and building innovation centres, which are geared towards project applications and development,” Al-Sadoun had said.
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