GPIC export growth beats 2018 estimates

The Gulf Petrochemical Industries Company (GPIC) said its exports grew at a faster pace with the company exporting more than planned Ammonia, Urea and methanol during the year 2018. According to company President Dr Abdulrahman Jawahery, GPIC exported a total of 1.13 million tons of ammonia, urea and methanol in 2018, which was 1 per cent higher than what had been planned.

A total of 49,325 metric tons of ammonia, 409,671 metric tons of methanol and 667,721 metric tons of urea fertilizer were sold, all of which was shipped to its final destination on board 59 vessels. In addition, 786 metric tons of urea packed in bags was allocated to the local market to support Bahrain’s agricultural sector. China and Brazil accounted for the largest share of the company’s total exports by 18 per cent, followed by India with 16pc and Taiwan 14pc.

The figures were revealed during a meeting of GPIC Board of Directors held under the chairmanship of Dr Ahmed Al Sharyan. Commenting, Dr Al Sharyan said that in spite of the challenges, the Board of Directors is proud of the company’s achievements in the field of safety.

He expressed pleasure at the results in the field of occupational safety and said, “GPIC had achieved about 8,353 workdays without a lost time accident, which was equivalent to more than 30 million hours.” The board members stressed that they would take advantage of all the economic and developmental opportunities offered by the petrochemical industry to promote development.