Gulf states are working towards a zero landfill target for reducing plastics wastage by 2040, to match European timelines, according to the head of a regional petrochemicals association.
“I think that by 2040, we can reach something similar to Europe, but that would require concerted, collective effort from many players. We all should buy in to this, its optimistic target, I believe it’s doable,” said Abdulwahab Al Sadoun, secretary general of the Gulf Petrochemicals and Chemicals Association (GPCA) told The National in Dubai.
The mainly oil producing countries of the Middle East, which account for 35 per cent of world output, have diversified into multibillion dollar petchems ventures to boost revenue streams. The Gulf petchems industry today is valued at $25bn and accounts for 12 per cent of global market share. While about 3.5 to 4 million of the output, which GPCA last year pegged at 30 million tonnes consumed domestically, much of the production — about 80 to 85 per cent — goes to export markets, mainly in China and Asia.