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UAE petchem industry to see strong growth in 2016

UAE petchem industry to see strong growth in 2016
Photo Credit: Arabianeye - Reuters

Dubai – Mubasher: The UAE’s petrochemicals sector is expected to witness strong output growth in 2016 amid continued expansion in production, Business Monitor International (BMI) Research said in its ‘UAE Petrochemicals Report Q1 2016’.

By 2016, ethylene capacity of in the UAE will reach 5 million tonnes per annum, up from 2 million tonnes per annum in 2013, with Polyethylene (PE) more than tripling to 3.52 million tonnes per annum and polypropylene (PP) rising by nearly 170 per cent to 2.14 million tonnes per annum over the period, according to the report.

Dubai will host the 13th edition of ArabPlast, a leading plastics and petrochemical show globally, from January 8 to 10, 2017, at the Dubai International Exhibition and Convention Centre.

The bi-annual event will provide updates on petrochemical industry, and will witness the largest participation in its history, with expectations of display of high-end machinery from Asia and Europe, said a statement.