04/05/2016 20:30 AST
Gulf petrochemical producers must push and challenge the thinking processes in the industry and show how there can be value generation in the supply chain, a senior Equate official said at an event.
Kuwait-based Equate Petrochemical Company’s president and CEO Mohammad Husain said that 80 per cent of the GCC petrochemical output was exported overseas, while speaking at the 8th Supply Chain (SC) Conference 2016.
He also said that GCC countries exported more than 70 million tonnes of petrochemicals during 2015.
Encouraging partnerships for the development of industrial logistics and transport, Equate sponsored the event, which is organised by the Gulf Petrochemicals & Chemicals Association (GPCA).
Husain, who also heads GPCA supply chain committee, said: “Between 2010 and 2015, the GCC’s petrochemical exports increased by 30 per cent.”
“Currently, the main challenges facing the supply chain are relevant to customs processes, environmental impact, developing new solutions, overall cost and others. All of which require an innovation-based approach by the producers, government bodies and supply chain providers through being ‘Partners in Success’,” he added.
The three-day conference is currently taking place in Dubai, UAE, and will conclude today (May 4).
The event is being held under the theme “Supporting Downstream Development: Creating Integrated Supply Chain Linkages”, and has received participation of top executives from petrochemical and chemical companies, as well as government bodies, supply chain providers and other entities to discuss various topics regarding logistics and transport.
During the conference, Equate innovation programme leader Abdulrahman Al-Munayes delivered a presentation regarding 3D printing and its influence on the supply chain in the petrochemical industry, said the statement.
While highlighting Equate innovation programme, Al-Munayes discussed 3D printing in terms of history, development, benefits, applications, sales, market value, impact on supply chain providers and other topics.
In addition to Husain and Al-Munayes, Equate was represented at the conference by integrated supply chain business operations and planning leader Abdullah Al-Husainan and senior supply chain planner Fawaz Al-Shuwaib, it stated.
As part of its sustainability efforts in all relevant fields, Equate sponsored a professor and students from the College of Engineering & Petroleum at Kuwait University to attend the event and interact with other delegates, it said.
Equate’s sponsorship of the professor and the students for this event and other previous GPCA activities is part of the memorandum of understanding (MoU) signed with the college during 2008 for overall partnership and cooperation in industrial and academic fields, it added.
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