GPIC achieves record production

Manama : The Gulf Petrochemical Industries Company (GPIC) achieved its highest productivity ever of Ammonia, Urea and Methanol in the third quarter of this year, the Company has revealed.

Total production reached 1.2 million tonnes in the third quarter and this included 347,000 metric tons of Ammonia, 331,000 metric tons of Methanol and 525,000 metric tons of Urea. 

This was made possible while maintaining a high level of performance and a commitment to sustainable development in its business activities. 

The achievements were all the more impressive since they were made despite the challenges, including the condition of the global chemical and fertiliser markets and low oil prices. It was thanks also to the Company employees, their dedication, their professionalism and their desire to overcome all obstacles.  

GPIC Board of Directors Chairman Dr. Ahmed Al Sharyan praised the professional excellence of the Company and the team and its executive Management for their implementation of the Board of Directors’ strategies. 

Dr. Al Sharyan said fluctuations in global markets have affected the balance of supply and demand. He said despite those challenges, which include increased supply and less demand, there was no obstacle for GPIC to continue production and exports to alternative markets and getting good returns. This, he said, indicated the sound marketing plans and strategies of the Board of Directors to meet all challenges. This was done in co-ordination and co-operation with the Petrochemical Industries Company of Kuwait, the authorized marketer for Ammonia and Urea and the Saudi Basic Industries Corporation (SABIC), the authorized marketer for Methanol.

In a statement, Company President Dr. Abdulrahman Jawahery expressed satisfaction at the results and also spoke about achievements in other areas such as occupational safety, which are much admired in the industry.

He said GPIC has been able to achieve about 5,638 working days without a lost time accident, which is equivalent to more than 26.6 million hours. This, he said, is the result of careful application of international safety standards. Dr. Jawahery said another major achievement was in ensuring employees stayed safe since they are the real wealth of the Company in ensuring its success.

He said all employees have worked with a lot of professionalism and dedication, while complying with the highest safety standards, to make the success a reality. He said GPIC is always keen to ensure special attention is given to each employee in imparting special training on emergencies and crises situations, in addition to organising lectures on health and safety.

Dr. Jawahery said every employee has been made aware on the potential damage caused by unsafe practices and how to avoid it. He praised the employees’ commitment to all safety applications and the importance of complying with them.

Dr. Jawahery reiterated all these achievements would not have been possible without the unlimited support of the Company’s executive management and the Board of Directors, headed by Dr. Al Sharyan.

GPIC has exported a total of 920,000 metric tons in the third quarter. 

Taiwan was the largest market with 16 per cent, followed by the United States, at 15 per cent.