Qatar earns $8bn from chemical output in 2014
An aerial view of Qapco’s facilities in Mesaieed. The GCC’s total chemical capacity for 2014 exceeded 136.2mn tonnes, GPCA said.
Qatar earned nearly $8bn from its chemical manufacturing portfolio last year, said a report by the Gulf Petrochemicals and Chemicals Association (GPCA).
As the region’s largest petrochemical producer, Saudi Arabia’s manufacturing portfolio comprised 63% of the region’s chemical portfolio and earned $68.3bn, GPCA said.
The GCC’s total chemical capacity for 2014 exceeded 136.2mn tonnes, it said.
With revenues reaching almost $88bn in 2014, the petrochemicals industry contributed to 31% of the GCC’s (Gulf Cooperation Council) total manufacturing GDP, the latest GPCA industry report showed.
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Source News: Gulf Times