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Feb 11 2011

Plastic production to hit
over 30m tonnes by 2015

DUBAI -- The current Gulf production capacities of plastics resins stands at slightly over 18 million tonnes per annum, with this figure projected to increase to over 30 million tonnes per annum by the year 2015, according to a recent study.

As a result, the Gulf's global share of key plastic resins -- polyethylene and polypropylene, which is currently 13 and 11 per cent, respectively will increase by 2015 to 18 and 15 per cent, respectively. This phenomenal growth as well as the new plastics resins that will be produced for the first time in the Gulf such as the engineering plastics and synthetic rubber will stimulate a new set of downstream plastic conversion industries 
in the region.

With this backdrop, the Gulf Petrochemicals & Chemicals Association ( GPCA ) has announced its second GPCA Plastics Summit, which will take place in Dubai from April 4-6, 2011.

The first day of the summit will mark the welcome reception for all attendees, a perfect setting for introductions, informal discussions and networking. The second day's agenda will be centered on three themes: ways in which the Gulf can grow to eventually become a global powerhouse in plastic products, analysing emerging trends and new growth opportunities in the Gulf, and how to efficiently manage p-+lastic waste in manners that will reduce environmental damage. The final day of the summit will focus on success stories within the last year and the 
+lessons learned.

Industry renowned leaders such as Ziad Labban, CEO of Petro Rabigh , will explain how technology has developed and inspired the push for the regional use of plastics. Furthermore, Research Director of AMI, Andrew Reynolds, will discuss the expected trends of global plastics conversion and explain the role of the GCC. After a successful first summit in June 2010, over 400 industry-wide delegates are expected to attend this highly-anticipated event. The summit is seen as the ideal medium for delegates to learn about upcoming investment opportunities and explore new ways in which the GCC can create profitable 
'green' businesses.

Dr Abdulwahab Al Sadoun, Secretary-General of the GPCA , said that while the "plastics industry is often a target for being socially irresponsible", events such as the "GPCA Plastics Summit are designed to burst myths and provide a platform to exchange ideas and best practices." The summit will also have a session dedicated to Plastic Waste Management whereby distinguished speakers will shed light on international approaches to efficiently utilise the valuable plastic waste. Moreover, the secretary-general also mentioned the high standards of the summit, where he boasted about the summit attracting an "unrivalled and influential portfolio of industry spokespeople."

© Khaleej Times 2011

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