Qatar’s chemical and petrochemical industry’s planned investments will further increase the country’s export portfolio to 23mn tonnes per year by 2020, from 10mn tonnes in 2013, Muntajat CEO Abdulrahman Ali Al-Abdulla has said.
As demand for chemicals and petrochemicals continue to rise; the Gulf petrochemicals industry continues to be the largest producer and exporter in the world, accounting for 11% of the $600bn 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.
The Muntajat stand at GPCA event in Dubai was joined by Qafac, Qafco, QVC, Qapco, Qatofin and Q-Chem.
Recognising the importance of GPCA annual forum’s importance, Muntajat supported this year’s event as the platinum sponsor. The Qatar pavilion received many delegations who visited the stand to enquire about Qatar’s chemical and petrochemical products, and Muntajat’s services and global network. “We are delighted with the positive feedback and relations we have established at our first participation at the GPCA Annual Forum. We are seeing increasing interest among customers and peers alike in how Muntajat streamlines access to Qatar’s chemicals, polymers and fertilisers. We are also happy to have six of Qatar’s leading chemical and petrochemical producing entities present with us at our stand. This has offered us an exceptionally strong presence at GPCA representing Qatar’s industry,” al-Abdulla said.
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 February 1 this year, Muntajat has shipped more than 4.6mn tonnes of chemicals, polymers and fertilisers to more than 120 countries across the world.