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 >>
Russia >> 6/13/2017 - JSC TANECO has received the conclusion of the Volga Federal Department of Rostechnadzor on compliance with the requirements of technical regulations a...
China >> 6/5/2017 - An explosion rocked a petrochemical plant in China's eastern province of Shandong on Monday, killing eight people and injuring nine, state media and l...
Russia >> 6/2/2017 - Alexey Miller, Chairman of the Management Committee of Gazprom, and Sergey Shtepa, CEO of Caspian Innovation Company, signed today at the St. Petersbu...
Russia >> 6/1/2017 - Gazprom Neft and the Government of the Omsk Oblast have used the occasion of the 2017 St Petersburg International Economic Forum to conclude a Coopera...
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 ||