Middle East Business: Annual GPCA Forum to host GCC Energy Ministers panel – Gulf Digital News

Middle East Business: Annual GPCA Forum to host GCC Energy Ministers panel – Gulf Digital News

The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, has announced an exclusive Ministerial Panel featuring Energy Ministers from across the GCC, including Saudi Arabia, Bahrain and Qatar at the 16th Annual GPCA Forum taking place for the first time at the Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia from December 6 to 8, 2022.

HRH Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, Saudi Arabia, HE Dr. Mohamed Bin Mubarak Bin Daina, Minister of Oil & Environment, Special Envoy for Climate Affairs, Bahrain, and HE Saad bin Sherida Al Kaabi, Minister of Energy, Qatar, will share the stage on the opening day of the forum to address the panel’s topic “Balancing net-zero ambitions in the energy sector with growth – A policymaker’s balancing act”.

According to GPCA research, GCC chemical revenue in 2021 soared by 77.2%, the highest level recorded since 2013 due to post-Covid recovery that led to increasing demand and high chemical prices globally. At the same time, chemical revenue grew from $54.1 billion in 2020 to $95.9 billion year on year. Off the back of higher chemicals prices, GCC chemical trade balance revenue almost doubled between 2020 and 2021