Gulf Petrochemical company enters regional market

Manama : In a first, the Gulf Petrochemical Industries Company (GPIC) has supplied Methanol to a regional company as part of the company’s policy to encourage small and medium enterprises. 

GPIC usually exports most of its 1.2 million tonnes of annual production, including 40,000 tonnes of Methanol, as well as Ammonia and Urea, to international markets.

As part of the deal, GPIC will supply Methanol to a United Arab Emirates-based Company, Golden Star, a private Company specialises in the food trade industry. 

Commenting on the deal, GPIC Managing Director Ibrahim Al Musaiteer said it was a new step on cooperation with local markets. 

He said the agreement would be a prelude to further cooperation with local and regional companies, especially since GPIC’s products are of high quality and in great demand from international markets.

In a statement, GPIC President Dr. Abdulrahman Jawahery said the agreement is of great importance since it is part of the Company’s support for regional industries and its encouragement for all types of manufacturing. 

Golden Star is a private Company set up in 1999. It specialises in the food trade industry and has been involved in several activities like food service, distribution, wholesale, exports, ship chandelling and retail.