Japanese Company JGC Gulf International is to build a new facility within the Gulf Petrochemical Industries Company (GPIC) to produce Urea Formaldehyde worth USD 8.8M.
GPIC President Dr. Abdulrahman Jawahery and JGC Gulf International President Mr. Yuji Tanaka signed the agreement for the expansion under the guidance of the Company’s Board of Directors and its Chairman H.E. Dr. Ahmed Al Sharyan.
Dr. Jawahery said the new plant would manufacture Urea Formaldehyde, a necessary and key component in the production and manufacture of urea granules. He said GPIC now imports this from other countries.
Dr. Jawahery said the new plant would have several positive effects and would run at low cost to produce the critical raw material needed for urea manufacture. This, he said, would be far lower as compared with other companies producing the same material.
He said it is expected that the new facility would produce 22 metric tons per day of Urea Formaldehyde. The plant will use the latest and environmentally safe technologies designed by Danish Company Haldor Topsoe.
The entire project would take 18 months and actual production is expected by the third quarter of next year.