http://www.hbgholdings.com/roundtable.phpFinancial Equity Feedhttp://www.hbgholdings.com/rssfeed/225.htmlMarch 21st, 2012The Middle East is seeking a gradual movement away from its dependency on oil and gas production to diversify its economy and create a positive environment for the development of its plastics industry, according to a new report by industry intelligence company GlobalData.

]]> http://www.hbgholdings.com/rssfeed/226.htmlMarch 13th, 2012The Gulf Petrochemicals and Chemicals Association (GPCA) has said the volume of annual production of plastic industries in the GCC countries is set to grow by 73% in 2015 from the current levels of 13.6 million tonnes to 23.6 million tonnes, Arab News has reported.

]]> http://www.hbgholdings.com/rssfeed/224.htmlDecember 20th, 2011GCC is the fastest growing region for downstream petrochemical industry in the world. In a new study conducted by UK-based Ispy Publishing (and summarized by gulfnews in the link below), the plastic industry is projected to grow 30% annually over the next 5 years, spurred by factors including lower feedstock, rising consumer spending and high level of government incentivization.

]]> http://www.hbgholdings.com/rssfeed/173.htmlMay 16th, 2010For the past three decades, the Gulf petrochemicals industry has seen phenomenal growth. The center of gravity has now shifted from the traditional producing regions of North America, Europe and Japan to the lowest cost producing region of basic petrochemicals – the Gulf.

]]> http://www.hbgholdings.com/rssfeed/11.htmlMay 17th, 2009The global petrochemical industry is rapidly changing with the Middle East rapidly increasing its share of global capacity. There are not only a growing number of petrochemical ventures but state-owned firms are continuing their expansion internationally even as global demand falls sharply.

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