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GCC fertilizer production capacity reached 42.7mn tons/year in 2013, an increase of 4% from the previous year, according to the Gulf Petrochemicals and Chemicals Association (GPCA). The Gulf fertilizers industry grew more than twice as fast as the global industry average of 1.7% last year, the association says, as a result of large projects in Saudi Arabia, Qatar and the UAE coming onstream.
“In 2013 GCC producers exported 20mn tons of fertilizers to more than 80 countries,” says Khalifa al-Suwaidi, Chairman of the GPCA’s fertilizer committee and Chief Executive of Qatar Fertilizer Company (Qafco). “The GCC industry accounted for approximately one-quarter of global urea trade and for 12% of the global ammonia trade volume in 2013.” (CONTINUED - 277 WORDS)