UAE's ADNOC to Almost Triple Petrochemical Output by 2025Source: Reuters 11/28/2016, Location: Middle East
State-owned Abu Dhabi National Oil Co (ADNOC) plans to almost triple its petrochemical production to an annual 11.4 million tonnes by 2025 from 4.5 million tonnes at present, group chief executive Sultan Al Jaber said.
"To achieve this we will seamlessly integrate our petrochemical and refining business, and as supplies of gas become tighter, we will expand our feedstock beyond ethane to include naphtha," Jaber said in a speech at an energy industry conference.
Jaber did not give any details of ADNOC's expansion plan but said the company aimed to take advantage of a shift in demand from lower-growth markets in the West to high-growth markets in Asia.
He also suggested that petrochemical producers in the six-nation Gulf Cooperation Council should explore new ways of working together, including joint investments in projects.
"By working together, leveraging our combined strengths, aligning our interests and investing together, we can extend our reach, increase our competitive advantages and grow our market share.”
ADNOC's petrochemicals are produced by Abu Dhabi Polymers Co (Borouge), which makes polyolefin, and Ruwais Fertilizer Industries (Fertil), which produces urea and ammonia fertilisers.
Petrochemicals News in United Arab Emirates >>
Norway >> 4/26/2017 - Aker Solutions won strategically important contracts for concept studies for carbon capture at Yara's ammonia plant on Her?ya and Norcem's cement prod...
Japan >> 4/25/2017 - Marubeni Corporation (Marubeni) and Chuetsu Pulp & Paper Co., Ltd. (“Chuetsu”) have agreed to jointly develop the application and sales of cellulose n...
Bahrain >> 4/16/2017 - The Gulf Petrochemical Industries Company (GPIC) has signed a long-term bilateral agreement with GE Oil & Gas to enhance efficiency its major plant op...
Oman >> 4/4/2017 - Oman Oil Duqm Development Company, one of the verticals of the wholly government owned strategic investment group Oman Oil Company, has unveiled plans...
Fluids Drilling, Completion, Workover & Stimulation
Gasoline (Lead free)
Kerosene. Domestic use
Lubricants, Oils & Greases
Oil Treating & Refining
Related Articles: Aromatic Solvents Butene Cleaning Corrosion Inhibiting Crude Oil Diesel Fuel Ethylene Fluids Drilling, Completion, Workover & Stimulation Fluids/Chemicals Fracturing Sand Fuel oil Gasoline (Lead free) General Jet fuel Kerosene. Domestic use Lubricants, Oils & Greases Nitrogen Oil Treating & Refining Polyethylene Polyvinyl chloride Propane Sand, Sandblast Surfactants
|United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 ||