‘Catalyst market to reach $33bn a year’

Manama : The global catalyst market will reach 33 billion US dollars a year by 2018, said Oil Minister, Shaikh Mohammed bin Khalifa Al Khalifa yesterday. 

The Minister pointed out that there are developments in the areas of refining and petrochemicals and chemicals, as well as environmental factors, “which may have contributed to the growth and increasing demand for motivating factors in world markets.”

He was speaking at the opening of the Oil East Catalyst Technology Conference 2017 (ME- CAT 2017) organised by Euro Petroleum Consultants and Bahrain Petroleum Company (Bapco) in cooperation with the National Oil and Gas Authority. 

Addressing the audience, the Minister expressed his happiness in Bahrain hosting the first version of the series of conferences and said, “It shows the tireless efforts of the government in overcoming the difficulties and in having successful events that contribute to the development in all areas.”

Supported by a number of international oil companies in the Gulf, ME- CAT 2017 is attended by a large number of experts and engineers and those interested in the various aspects of the oil industry from different countries of the world.

Discussions focus on the links between the performance of catalytic materials used in the treatment of the hydrogen gas oil in the refineries and performance in the modules in the industrial laboratories. The meeting also reviews ways to develop databases on the performance of this kind of commercial catalytic materials, best practices in the manufacture of catalytic materials as well as way to invest in developing the oil industry in the region.

The exhibition has attracted many national and global companies which will showcase the latest products and technical developments in the oil industry, where the fair is an opportunity to talk closely with the representatives of the participating companies.