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GPIC's Social and Economic Role in Development of Bahrain and Bahrainis
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| Friday, 08 July 2011 08:27 | |
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Gulf Petrochemical Industries Company (GPIC) Social and Economic Role in Development of Bahrain and Bahrainis
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GPIC produced 1.47mn tons of fertilizers in 2010, of which 1.1mn tons were exported, contributing 3% to Bahrain's GDP. GPIC has 474 employees, of which 82% is Bahraini.
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GPIC produced 1.47mn tons of fertilizers in 2010, of which 1.1mn tons were exported, contributing 3% to Bahrain's GDP. GPIC has 474 employees, of which 82% is Bahraini.
PIC fosters small and medium enterprises (SMEs) and light industries in the fields of chemicals, detergents, paints, medical and industrial gases, plastics, synthetic sponges, fiberglass, heat insulators and heat insulation slabs.
GPIC believes in equal employment for men and women, which is seen in the rising numbers of women employees on the rolls each year.
Outlook and Plans for the Future
The outlook for the fertilizer industry over the next decade will be tremendous, for three reasons. According to Jawahery:
"The first reason concerns the recent adoption of organic fertilizers, which the recent E. coli outbreak in Europe has shown to be ill-advised. Mineral fertilizer, unlike the organic variety, is 100% germ-free and disease-free. It is extremely safe. There will likely be a shift back toward industrial fertilizers like urea and NPK, which will propel growth.
Second, population growth will drive the growth of the industry because "Global population growth is dependent on the fertilizer industry and on the efficient use and development of fertilizer."
The International Fertilizer Association, says Jawahery, has been working to bring producers, marketers and consumers together in an effort to improve efficiency. Thus, GPIC has, thanks to this association,
"been able to improve the efficiency of farming significantly over the past 20 years. In the same hectare, you can now produce 3 to 4 times more food than was previously produced. So, although the total land area available for farming is shrinking, the efficiency of that land has improved thanks to the fertilizer industry."
GPIC has ambitious expansion plans to take advantage of this growth. The board of directors has approved plans for the creation of a massive ammonia and urea project that will increase production from 1.5mn to over 4mn tons annually.
The initiation of this project depends on obtaining additional natural gas. However, major natural gas explorations are taking place, and the government of Bahrain has already agreed to give priority to GPIC when new gas sources are put into production.
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