GPIC exceeds targets

Manama : Gulf Petrochemical Industries Company (GPIC) exceeded all its production targets for the year 2016 and achieved new records without a lost time accident, it was announced.
This was revealed during the company’s 38th Ordinary General Meeting (AGM) held in the presence of Company Chairman Dr. Ahmed Al Sharyan, Talal Isa Al-Sultan, representative of the Petrochemical Industries Company (PIC) of Kuwait and Khalid Bin Ali Al-Qarni from the Saudi Basic Industries Company (SABIC).
GPIC Chairman, while explaining 2016 achievements, said that the company successfully reduced spending and increased its production despite challenges faced by the petrochemical industry. He said the company exceeded all production targets set by its Board of Directors.
The production of Urea reached 704,003 metric tons, a new record, while Methanol and Ammonia production reached 445,880 metric tons and 467,539 metric tons, respectively. The combined production of the three reached 1,617,422 metric tons – also a new record.
Explaining further, he said, “1,188,824 million tons of the Company’s products were shipped on 64 vessels at the best prices.”
Commenting, GPIC President Dr. Abdulrahman Jawahery said the Company achieved more than 25 million hours without a lost time accident and that there has been no untoward incident since May 2002.
Dr. Jawahery said the carbon dioxide recovery plant helped the company reduce carbon emissions and maintain environmental safety according to standards set up by the Bahrain Government in coordination with the Supreme Council for Environment.
He also said the training and development centre had been developed into an Academy of Leadership and Learning, which had enhanced the efficiency of human resources and helped them keep abreast of technical and scientific developments.