Building on experience gained from decades of exporting low value crude oil that fueled the global economy, Gulf countries beef up production capacities of higher value petroleum products to bring a greater chunk of the oil’s value chain closer to home.
The plastics economy of the future will be more circular than ever, agreed speakers at the Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Conference taking place in Al Khobar, Saudi Arabia from May 14-15.
After weathering a series of global and regional challenges in recent years, Bahrain is emerging from the Covid-19 pandemic with strong growth, rising government revenue and a new plan for the future economy. As energy and tourism earnings recover, the kingdom aims to generate sustainable long-term growth opportunities through new sector strategies and transformational infrastructure projects. These positive developments build on the country’s robust financial services and manufacturing sectors, which have helped make it one of the most diverse economies in the Gulf.
An effective strategic response to handling plastic waste and preventing over $120 billion from being lost through it annually, will be one of the top issues at the Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Conference.