Fertilizers producers in the six GCC countries have doubled their capacity over the past 10 years. They see growth continuing at 3.3% a year. But competition for limited gas feedstock and the growth of competing technologies may curb their ambitions.
GCC fertilizer capacity rose from 20.2mn tons/year in 2004 to 40.9mn t/y in 2014, according to the Gulf Petrochemicals and Chemicals Association (GPCA). Capacity grew by 4% in 2014 alone, according to the GPCA’s freshly-released ‘Fertilizers Indicators 2014’ report. (CONTINUED - 839 WORDS)