Gulf region PE and PP resin on the rise

The UAE and the Gulf region are set to become one of the world’s largest sources of petrochemicals and plastics products as the oil-producing countries invest heavily in downstream petrochemicals. According to latest statistics, the polyethylene production capacities in the GCC will increase from 10.7 million tonnes in 2009 to 21.5 million tonnes by the year 2015. The production of polypropylene will also increase from 4.8 million tonnes in 2009 to 9.5 million tonnes by 2015, an increase of 98 per cent.