MOSCOW (MRC) -- Qatar’s chemical and petrochemical industry’s planned investments will further increase the country’s export portfolio to 23 million tonnes per year by 2020, from 10 million tonnes in 2013, reported GV with reference to Muntajat CEO Abdulrahman Ali Al-Abdulla's statement.
As demand for chemicals and petrochemicals continues to rise, the Gulf petrochemicals industry continues to be the largest producer and exporter in the world, accounting for 11% of the USD 600 billion global market, he said as Qatar participated at the Gulf Petrochemicals & Chemicals Association (GPCA) annual forum in Dubai recently.
"Following the positive global outlook on market demand and consumption patterns, Muntajat plans to expand its portfolio of products that will better serve the needs of customers worldwide. Our developing global network of offices and advanced supply chain programme will ensure that we offer world-class logistical support as well as high-quality products," al-Abdulla said.
Muntajat recently decided to set up its international marketing company at The Hague in The Netherlands. Muntajat has now entered a new phase of expansion as the company is currently implementing its supply chain programme and building a global network of offices and warehouses, the company said.
Since starting its operations on 1 February this year, Muntajat has shipped more than 4.6 million tonnes of chemicals, polymers and fertilisers to more than 120 countries across the world.
As MRC wrote previously, in early 2013 , Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has taken over the marketing and distribution responsibilities for Qatar’s globally recognised Lotrene brand of low density polyethylene (LDPE) and linear low density polyethylene (LLDPE). This marks the company’s entry to the polymers sector, Muntajat’s third area of operations after the "successful transition" earlier this year of the marketing and distribution activities of the chemicals and fertilisers produced in Qatar.
MRC