19 November 2013 08:23 [Source: ICIS news]
DUBAI (ICIS)--The Gulf Cooperation Council's (GCC) chemicals capacity utilisation fell marginally to 91% in 2012 from 92% in the previous year, the Gulf Petrochemicals and Chemicals Association (GPCA) said in a report.
Qatar, the second-largest chemicals producer in the GCC, saw its capacity utilisation fall to 83% in 2012, from 93% a year earlier, on the back of the start-up of new facilities and the time it took for them to achieve target production, according to the report titled "GCC Petrochemicals and Chemicals Industry: Facts & Figures 2012".
The GCC consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
"The temporary nature of the low capacity utilisation in Qatar is supported by the country's five-year average operating rate which is 99%," the GPCA said.
Meanwhile, the chemicals capacity utilisation in Bahrain declined from 113% in 2011 to 100% in 2012, it said.
Saudi Arabia, the largest chemicals producer in the region, saw its capacity utilisation remain unchanged year on year at 92% in 2012, the GPCA said.
"Lower fertilizer and polymer plant operating rates have been affecting the country's overall performance in recent years. However, the operating rates in Saudi Arabia in 2011 and 2012 are consistent with the historic average of 93% [capacity]," it added.
Over the past five years, the GCC chemical industry's capacity utilisation averaged 94%, which is higher than the global average rate of 86%, according to the report.
The report was released during the GPCA Forum 2013 in Dubai which runs on 19-21 November.
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