ANNUAL REPORT

2010

D R I V I N G V A L U E & G R O W T H T H R O U G H I N N O V A T I O N

For the rapidly growing Gulf petrochemical and chemical industry, innovation is the biggest challenge for the next decade. Regional industry leaders have signaled that they are ready to embrace the challenge, and some are already making significant investments in innovation.

As the world grapples with major sustainability challenges such as climate change and ecological footprint,

the global petrochemical and chemical industry is responding with unique and innovative technological

and business solutions. There is wide recognition now that innovation is the key to sustainability, and the

science of chemistry, specialty chemicals and engineering polymers will continue to be central in ensuring

the secure future of Planet Earth and its inhabitants.

Gulf Petrochemicals and Chemicals Association (GPCA) represents a powerful segment of the Gulf economy. The petrochemical and chemical industry, consisting of petrochemicals, plastics and fertilizers, contribute significantly to the region’s economic strength and continued growth and development. It has a significant share in the non-oil GDP of the region; it is also a major provider of jobs and the source of vital raw material for a wide range of downstream industries.

GPCA is the region’s first trade association, and it was established in 2006 to promote the interests of the region’s petrochemical and chemical industry. Over five years, it has steadily expanded its sphere of influence and membership base, offering multiple platforms for its stakeholders to network, share information, knowledge and best practice. Today, GPCA is also the regional industry’s collective voice on important regional and international issues of common interest.

Annual Report 2010

Annual Report 2010

GPCA Mission

GPCA Objectives

Chairman’s Foreword

Report from the Secretary General - Year in Review: GPCA - Year in Review: Regional Industry

Five Years of Achievements - Raising the Bar, Growing Stronger - Region Ready for Responsible Care - More Prominent Advocacy Role - Helping Meet HR Challenges - Exploring Ways to Redefine SCM - Against Damning Plastics - Strengthening the Regional Fertilizer Sector - Widening and Enhancing Knowledge Base

2010 Highlights - Fifth GPCA Annual Forum - First GPCA Plastic Summit - First GPCA Fertiliser Convention - Second GPCA Supply Chain Conference

Looking Forward

Financial Report

The Organization

Board of Directors

New Members

Full Members List

Associate Members

GPCA Staff Contacts

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7

8

10 16

20 22 24 26 28 29 30 32 33

34 36 37 38 39

40

42

52

56

60

61

63

70

Contents

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Annual Report 2010

Our Mission

To support the growth and sustainable development of the petrochemical and chemical industries in the Gulf in partnership with our members and other stakeholders

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Annual Report 2010

Our Objectives• Toprovideeffectiveopportunitiesformembersandindustry

stakeholders to network, share information and knowledge, and strengthen relationships

• Todevelopandadvocatecommonindustrypositions

• Toidentifyandpromoteindustrybestpractice

• TochampiontheResponsibleCareInitiativeamongmembers

• Toestablishregionalindustrydataandinformationresources

• Todevelopcrediblerelationshipswithregionalcommunitiesandglobal industry associations

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Annual Report 2010

The excellent progress that the Gulf Petrochemicals and Chemicals Association has achieved over the past five years is indeed extremely gratifying for the founding members and the Board of Directors. The steady growth in GPCA’s membership and delegate numbers at GPCA’s events tell us that the global petrochemical industry, associated businesses and service providers recognize and appreciate the value of our collective efforts, and the emergence of GPCA as a truly international platform for exchange of information, ideas and knowledge.

The formation of GPCA was the result of a realization that the region’s world-class petrochemical industry needed a vehicle to build cooperation, address common issues, forge new partnerships, facilitate networking and uniformly raise standards by introducing new measures and programs that will help us sustain our

reputation and project our achievements. I am pleased to note that GPCA is admirably executing this mandate.

The fifth year of GPCA will be remembered as a major milestone in its efforts to elevate the standards and practices of the regional industry to match those prevailing in more advanced industrial economies. GPCA has designed specific Responsible Care guidelines for the regional industry, which all members will adhere to. The Board of Directors takes great pleasure in congratulating the GPCA management for accelerating the program in 2010 and securing the Association’s membership in the Responsible Care Leadership Group (RCLG) of the International Council of Chemical Associations (ICCA).

The Fifth Annual GPCA Forum’s main theme – repeated in this annual report – was about two key challenges: Innovation

Foreword from the

Chairman

Five years have gone by since eight petrochemical companies in the Gulf got together and pooled their resources to launch a dedicated trade association for the regional petrochemical industry.

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Annual Report 2010

and Sustainability. The keynote speeches and panel discussions in December 2010 emphasized the need for the region’s industry to embark upon a new journey, making Innovation and Sustainability key pillars of its growth strategy.

The role of GPCA in serving as a strong advocacy body for the industry has gained paramount importance. The advocacy role entails collaborating, coordinating and lobbying to overcome the challenges facing the industry, including the protectionist measures adopted by some countries to shield their domestic industries from fair external competition. The strong advocacy role will enable GPCA to exert meaningful influence on the region’s governments and public bodies on issues of common interest to the industry.

I take this opportunity to acknowledge the excellent work being done by

the various committees dedicated to Responsible Care, Advocacy, Plastics, Human Resources, Supply Chain and Fertilizers. I also thank the Secretary General, Dr. Abdulwahab Al-Sadoun, and his team for their excellent efforts that made these achievements possible.

I hope that GPCA members and associate members have taken note of the fact that we are taking new initiatives and new programs that will encourage, recognize and honor excellence. We have already announced the institution of two annual awards effective from 2011 – the GPCA Plastics Innovation Award and the GPCA Supply Chain Excellence Award. We hope that the GPCA awards will inspire the regional industry to adopt aggressive strategies and programs that will in turn lead to Innovation and Excellence in all fields.

The Board of Directors is pleased to note

that the Association has consolidated its financial gains so that more funds could be available for new initiatives as well as to build up its reserve fund. With the unwavering commitment and support we have from our esteemed members and stakeholders, we are confident that the Association will continue to keep this momentum in 2011.

Mohamed Al-MadyChairmanBoard of Directors

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Annual Report 2010

The year marked our coming of age in some ways, with GPCA consolidating its reputation as the voice of the regional industry and an action-oriented body that is determined to expand its activities and execute programs to bring tangible benefits to our member companies and communities in general.

Responsible CareGPCA’s biggest achievement in 2010 was the momentum that the region’s Responsible Care Initiative gained during the year. Our achievements show that by and large, the Gulf industry is now very aware of the strategic importance and benefits of adopting and implementing Responsible Care. The GPCA Responsible Care Committee has done an excellent job of designing the Responsible Care implementation program for the region and building alliances with peer bodies around the world.

GPCA’s efforts have resulted in a majority of CEOs signing the Declaration of Support to the initiative in 2010, issuance of guiding principles for the industry and the

Responsible Care logo registration in GCC countries. Besides, 17 members have drafted their Responsible Care programs after conducting self-assessment exercises. GPCA also conducted a three-day Product Stewardship workshop, which was attended by 80 delegates, and over 30 other workshops and awareness sessions at member company facilities. GPCA became a full member of the Responsible Care Leadership Group (RCLG) in September, capping several years of concerted efforts. In approving GPCA’s membership, RCLG noted the impressive progress that we have made in advancing the Responsible Care agenda in the region. Our region had the pleasure to host the RCLG annual meeting in 2010. It was at this meeting that the members unanimously approved GPCA’s RCLG membership.

Membership growthGPCA’s membership went up by 15 percent in 2010, growing from 139 in 2009 to 160, and consisting of 36 Full Members and 124 Associate Members. The membership spectrum now represents 24 countries from around the world, with the GCC accounting for 108 and the rest of the world 52. Sixty-four of the members are chemical companies,

Report from

The Secretary General

I am pleased to report that 2010 was the most successful year since GPCA’s inception. It was the fifth year of our operations, and we have good reasons to celebrate the miles we have travelled and the milestones we have achieved.

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Annual Report 2010

while 96 are business partners and service providers.

Advocacy functionDuring 2010, the GPCA Advocacy Committee reviewed and fine-tuned its role, functions and scope of intervention, enabling the Association truly to be the voice of the regional industry. It was under the Advisory Committee’s guidance that GPCA campaigned during the year against the unfair anti-dumping tariffs imposed by several countries against products from the Gulf. The Committee held two workshops during the year, addressing issues related to anti-dumping and anti-trust laws. GPCA will continue to address public policy issues that concern the industry, and has decided that its activities will focus on three key areas: advocating free trade, assisting in formulating public policies and reaching out to governments, legislative bodies and others to project the socially responsible initiatives of the industry.

Busy events calendarIn 2010, GPCA’s calendar of events got busier with the holding of two new events in Dubai that were international in scope: the First GPCA Plastics Summit in June and the Fertilizer Convention in September. These were followed by

the Second Supply Chain Conference in Bahrain in October. These events were planned and organized with the active support and involvement of the Plastics, Fertilizer and Supply Chain Committees, respectively.

The success of these events was beyond our expectations in terms of international

participation, introduction of new ideas and analysis of trends. All three events proved to be extremely successful networking platforms. All three events became vibrant platforms for exchange of ideas, information, knowledge and business networking with the senior-level participation of all segments in each of those sectors.

Industry leaders in discussions at the Fifth Annual GPCA Forum

Year in Review:

GPCA

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Annual Report 2010

number of delegates, the international character of the event and the benefits offered by the platform for diverse and forward-thinking discussion and debate prompted participants to declare that the Annual GPCA Forum has become a must-attend conference for the global petrochemical industry. The Forum was inaugurated by Sheikha Lubna Al-Qasimi, Minister of Foreign Trade of the United Arab Emirates (UAE), who noted the region’s continuing growth as a petrochemical hub and echoed GPCA’s concern over protectionist trends in some

The Human Resources Committee continued to explore issues of common concern and interest to the industry. The Committee held two key workshops: one on retention challenges and the other on HR’s role as a strategic partner for business effectiveness.

Annual ForumThe Fifth Annual GPCA Forum was a fitting finale to the year’s events. With a historic 1,342 delegates attending, the Forum registered a year-on-year increase of more than 22 percent in attendance. The

countries, such as India and China.

“Driving Value and Growth through Innovation” was the main theme of the Forum. Industry leaders offered interesting and thought-provoking ideas, and shared their knowledge and experience about why the Gulf region must adopt Innovation as a strategic objective, and how they can achieve that goal. Khalid Al Al-Falih, President and CEO of Saudi Aramco, set the tone for the discussions by calling for a decade of transition to achieve dramatic growth

Year in Review:

GPCA

Regional industry leaders guide chief guest Sheikha Lubna through the exhibition stalls at the Fifth Annual Forum

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Annual Report 2010

and diversification, and identifying three enabling factors: Research and Development, Human Resource Development and the cultivation of a dynamic environment for commercial success.

For GPCA, the Forum was also an opportunity to announce some key initiatives for the regional industry, which are explained in the “Looking Forward” section of this annual report.

External eventsAs part of our efforts to build strong

partnerships with peers and business communities around the world, GPCA representatives attended several events and conferences. The Secretary General delivered keynote addresses at several industry gatherings, such as the 51st Annual General Assembly Meeting of the International Institute of Synthetic Rubber Producers (IISRP), held in Dubai in April, and the MEED Middle East Petrochemicals 2010 held in Abu Dhabi in June. GPCA also sponsored the IdentiPlast 2010 in London, which was attended by 160 specialists, industry leaders, academics and European policy-

makers to discuss new developments and cutting-edge technologies in identifying and sorting plastic waste. Adnan Mubarak represented the GPCA Plastics Committee at the event, which was in line with the Association’s keenness to promote best practices in waste management and recycling with the support of government bodies as well as others.

Financials I am pleased to report that GPCA is on a sound financial footing, with focus on maximizing non-fees revenue and

GPCA events offer effective networking opportunities for industry leaders, executives, suppliers and allied businesses.

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Annual Report 2010

into the success that we are today.

We established a Communication Advisory Board (CAB) in early 2010, consisting of senior communications officials from selected member companies. I take this opportunity to extend my gratitude to members of the CAB for their ongoing advice on improving GPCA communications and reputation.

reducing the share of membership revenue from 79 percent in 2006 to 32 percent in 2010. Events continue to be our main income generator aside from membership fees. In the past year, we achieved significant growth in revenues.

Organizational developments In 2010, GPCA redrafted its Article of Association and worked on streamlining the membership categorization and payment process. The Association has recruited three new staff with the qualifications and skills needed to support the fast growing demands of the organization and its expanding activities. Another important achievement was the revamping of our website. The new website is more user-friendly and has a better look and feel, but more importantly, we have worked hard to strengthen the content specifically keeping in mind our role as a provider of industry-relevant information and knowledge for member companies. With its growing list of responsibilities, events and other activities, GPCA has recruited new support staff in 2010 to assist in communications, events and administration. Towards the end of the year, GPCA moved into its new and more spacious offices, located at Dubai’s Business Bay.

We have included a special section in this annual report to review the Association’s achievements over five years. I hope it serves as a gentle reminder to all of us in GPCA about the efforts that have gone

Moving onGPCA has another exciting year ahead, which will see new initiatives from us to recognize and honor member companies’ achievements. The “Looking Forward” section has more details of what we have planned for 2011, including the two awards we have initiated. As I said at the beginning of this report, 2010 has been the most successful year for GPCA. We

Year in Review:

GPCA

A screen grab of the new GPCA website, launched in 2010

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Annual Report 2010

are proud of our achievements of the year, but we would be working hard to build on this success and make 2011 even more successful in every way.

GPCA offices shifted to the newly developed and conveniently located Aspect Tower at the Business Bay in Dubai in 2010. The new

offices were inaugurated by GPCA Chairman Mohamed Al-Mady at a function attended by most Board members.

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Annual Report 2010

Sustainability is another big challenge for the regional industry. There is wide recognition in the business world that tomorrow’s survival and growth will depend on how much they can adapt to the demands of Sustainability. Innovations from the global chemical industry are helping meet the challenges of Sustainability, and the Gulf’s emerging focus on Innovation will inevitably be

linked to Sustainability goals in the coming years. In the region, SABIC is implementing a well-conceived Sustainability strategy and program while EQUATE of Kuwait has announced a plan to reduce its CO2 emission by about 70 percent at one stroke by capturing and diverting the gas to a new ‘green’ plant, which will use it in food and beverage industries. It is worth noting that several

After standing resilient in the face of the harsh economic downturn of 2008 and 2009, there were reasons for the region to celebrate in 2010 – albeit with plenty of caution. In general, the regional industry has reported a very good year, with higher demand and prices, generating excellent financial results.

Historically, the region’s industry has bounced back with more vigor after cyclical downturns as a result of crucial investment pay-offs. While there is no reason for that not to happen again, the regional industry realizes that times have changed, and today’s key challenges are different from those of the past.

This was amply evident during the year-end Fifth Annual Forum of the GPCA, where Innovation was the overriding theme. From GPCA’s ongoing interactions with regional industry leaders, and going by the outcome of a pre-Forum survey (results of which are detailed elsewhere in the annual report), it seems clear that Innovation and R&D are on the agenda in most Board rooms and on the minds of CEOs. Indeed, several leading companies in the region, such as SABIC, Borouge, Sipchem and Tasnee have been making significant investments to advance Innovation.

fertilizer producers, such as GPIC of Bahrain and Fertil of Abu Dhabi, have implemented programs to capture CO² and use it for urea production.

GPCA and its members are aware that if the region’s export-led industrial growth is to be sustained, governments and industries have to work together to protect the interests of the region’s producers and exporters. During the year, GPCA adopted a firm stand against protectionist measures by countries that imposed anti-dumping levies on selected petrochemical exports from the Gulf. Protectionist tendencies in Asia and Europe against Gulf exports are a continuing concern for GPCA, and the Association will remain alert to the threat and continue to campaign against the unfair levies.

Regardless of the challenges, the regional industry continued to expand its production base during 2010. As expected, several new large-scale projects came on stream during the year, further consolidating the region’s share of global output, especially of ethylene and polyethylenes. About 6.6 million metric tons of ethylene capacity was added in 2010 by companies in the region, with SABIC’s SAUDI KAYAN, YANSAB and

The global economic recovery in 2010 boded well for the Gulf petrochemical and chemical industry.

Report from

The Secretary General

The regional industry continued to expand its production base during

2010. As expected, several new large-scale

projects came on stream during the year.

17

Annual Report 2010

SHARQ adding about 3.3 million tons, Borouge II starting up its 1.5 million ton cracker in Abu Dhabi, Ras Laffan Olefins Company commissioning its 1.3 million ton cracker in Qatar and Morvarid Petrochemical Company of Iran starting up its 500,000 ton cracker.

As ethylene production went up, so did the ethylene derivatives. The six projects have added about 6 million tons of polyolefins to the region’s output, including polyethylenes (HDPE and LLDPE) and polypropylene.

In Kuwait, a state-of-the-art complex to produce aromatics, styrene and olefins facility started up under the name of Greater EQUATE, which is a joint venture between the Petrochemical Industries Company (PIC) and Dow Chemicals. In Sohar, Aromatics Oman (AOL) commissioned its grassroots aromatics plant, designed to produce 818,000 tons per annum of paraxylene and 198,000 tons per annum of benzene, using naphtha supplied by Sohar Refinery.

In Saudi Arabia, the Saudi International Petrochemical Company (Sipchem) started up its 330,000 tons per annum Vinyl Acetate Monomer (VAM) plant as well as two acetyls plants to produce

Year in Review:

Regional Industry

Year 2010 saw the completion of several large-scale petrochemical complexes in the Gulf region

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Annual Report 2010

345,000 tons of carbon monoxide and 450,000 tons of acetic acid. Al-Waha, a joint venture between Sahara Petrochemicals and LyondellBasell, started up its propane dehydro plant and a 450,000 tons per year polypropylene plant in Jubail Industrial City.

Iran’s expansion drive continued unabated in 2010 with the commissioning of some major projects in addition to the Morvarid plant. National Petrochemical Company commissioned six petrochemical complexes in March, followed by the Morvarid plant and an ammonia-urea complex in late July.The newly commissioned plants produce ethyl benzene (645,000 tons per year), styrene

(600,000 tons), methanol (1.65 million tons), butadiene (245,000 tons), ethylene (500,000 tons) and urea (1.08 million tons).

New projects aheadDuring 2010, there was also a string of announcements that drove home the message that the region’s petrochemical industry will continue to thrive in the coming years. As the year drew to a close, Abu Dhabi National Chemicals Company (ChemaWEyaat) awarded a major contract to develop a master plan for the Madeenat ChemaWEyaat Al Gharbia (MCAG) chemicals industrial city over a 70 sq. km land allocated to the company by the Government of Abu

Dhabi. Qatar Petroleum (QP) and Shell signed a memorandum of understanding to jointly study the development of a major petrochemicals complex at Ras Laffan. In Kuwait, the Kuwait Aromatics Company (Karo) is considering the development of a downstream project to add value to the paraxylene produced at its Shuaiba plant. Sipchem announced the awarding of a contract to build its Ethylene Vinyl Acetate (EVA) plant, which will also produce LDPE.

As the regional industry grows in strength, there are also indications that regional players are looking outward. While SABIC was the first mover in China from this region, in May 2010, Kuwait Petroleum

An artist’s impression of Borouge’s Innovation Centre, being built in Abu Dhabi, UAE

Year in review:

Regional Industry

19

Annual Report 2010

(KP) won preliminary approval from Beijing to establish a joint venture with Sinopec in Donghai Island near Zhanjiang.

The Gulf petrochemical and chemical industry is on firmer footing at the dawn

of 2011, and GPCA will work harder in the coming months and years to support the industry’s sustainable growth, stability and reliability as it strives to achieve higher levels of efficiency and move forward with a new commitment

to innovation and sustainability.

Dr. Abdulwahab Al-SadounSecretary General

Innovation is top priorityGulf petrochemical companies recognize the high importance of adopting an Innovation strategy in ensuring future success. For more than 80 percent of them, Innovation will be a top priority over the next 10 years, and for 25 percent Innovation will be right on top of the agenda. Innovation in the region is being driven by a need for a differentiated product portfolio with a distinct competitive advantage.

These are the findings of a survey conducted by GPCA in 2010 prior to the Fifth Annual Forum in December. Although there is a new emphasis on the need to make Innovation a big part of the corporate strategy, and intent to move on, most Gulf companies are yet to adopt a clear strategy and vision. A few regional leaders are the exceptions. GPCA believes that properly addressing the issue will reinforce the strength and relevance of the regional industry, and will strive to support member companies in meeting the challenges related to Innovation.

The survey identified important problems for the industry, as well as pointers to regional trends. It noted that issues such as capacity building (e.g. Human Resources) will remain challenging, but a culture of innovation in companies may help compensate for many of the problems. Marketing, sales and supply chain management were rated as the most important

competencies to drive innovation in the immediate future, and the focus of CEOs is to introduce more differentiated grades of existing products in response to market needs.

Several Gulf chemical companies have launched Innovation-relevant initiatives in recent years. These have included external acquisitions, outward investments to gain access to knowhow or new markets, setting up Research and Development facilities and cooperation with regional universities.

The Gulf industry has gone through three qualitative growth phases. In the first phase, from 1981 to 1994, the Gulf petrochemical companies relied only or heavily on crude-associated gases (C1/C2), producing basic and forward commodities such as methanol, polyethylene, ethylene glycol and MTBE. In phase 2 (1994 till date), they began using mixed feedstock (C3/C4) to diversify into differentiated products such as polypropylene, polyethylene terephthalate and polystyrene.

In the third phase which began in 2008, companies have moved onto an entire new realm in which differentiation and innovation are playing a larger role. An increasing number of players are looking at refinery integration and naphtha cracking to find the feedstock to move into new sets of value chains, such as performance polymers and specialty chemicals.

GPCA has become the focal point of the Gulf petrochemical and chemical industry’s aspirations, driven by strong membership growth and new initiatives to raise standards and enhance industry reputation.

Five Years of Achievements

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Annual Report 2010

Raising the Bar, Growing Stronger

Just five years since, GPCA is very proud of the growth it has achieved, the reputation it has built and the remarkably positive impact its initiatives are having on the regional and global petrochemical and associated industries.

GPCA is the region’s first trade association, established to represent the interests of a specific industry. If the success of an industry association can be measured by membership statistics, GPCA’s numbers speaks loud for themselves: from eight founding members in March 2006 to 62 by the end of that year and 160 from 24 countries

by the end of 2010. This includes 36 full members and 124 associate members, including regional and global petrochemical and chemical producers, and their service providers and business partners.

The steady increase in the number of delegates to the Association’s flagship event, the GPCA Annual Forum, is more impressive: 450 in 2006 to 1342 in 2010. However, the true success of the Forum is that its profile, content and outcome have grown stronger year after year, making it a must-attend event in the global petrochemical calendar.

Though GPCA is still in its infancy – especially when compared with well-established peers in US, Europe and Asia – its role, responsibilities and scope of activities have widened significantly year after year. GPCA has taken on more responsibilities and initiated new programs with three broad objectives: help foster best practices and standards that will raise the international profile of the Gulf producers and suppliers, address major issues that affect the regional industry and be the powerful industry voice in responding to those issues.

When eight petrochemical majors in the Gulf region launched GPCA in March 2006, they had a grand vision but modest targets and expectations.

Gulf

Africa

Americas

Europe

Asia8%

69%

1%

16%

6%

Membership by the GCC Countries

Saudi Arabia38%

UAE41%

Bahrain 5%

Qatar 7%

Oman 3%Kuwait 6%

Global Membership

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Annual Report 2010

Over five years, GPCA has actively pursued a multi-pronged strategy to achieve these objectives by identifying the most pressing concerns and issues faced by the regional industry and addressing them through diverse channels. Beginning with the Annual Forum in 2006, the Association has been consistently creating opportunities for regional and global players to interact, network and share knowledge and expertise. Internally, it has been working through

committees dedicated to specific sub-sectors and industry challenges, seeking to address issues and raise standards through workshops, conferences, trends reports and sector studies while also taking initiative to implement well-accepted international programs.

This is evident in the number of dedicated GPCA committees established progressively over the past four years, and how those committees have functioned

effectively with increasing benefits for members. Starting with Communication in 2006 and Human Resources and SHE (Safety, Health and Environment) in 2007, moving on to Supply Chain and Plastics in 2008, Advocacy and Fertilizers in 2009, GPCA now has a total of six dedicated committees. The SHE Committee has since evolved to become the Responsible Care Committee and the Communication Committee has been superseded by a Communication Advisory Board in 2010.

Membership by Category

23%Full Members

15%InternationalProducers

GulfProducers

3%

33%

ServiceProviders

28%

BusinessPartners

450

838

924

1089

1342

Number of delegates to the GPCA Annual Forum has increased significantly year after year

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Annual Report 2010

GPCA’s consistent efforts from the day it adopted Responsible Care in December 2009 resulted in a series of remarkable achievements in 2010, including full membership of the ICCA’s Responsible Care Leadership Group (RCLG), endorsement of the initiative by more than 80 percent of the regional CEOs, registration of the GPCA Responsible Care logo in the region and a number of member companies submitting self-assessments and action plans.

Responsible Care commits companies to work together to continuously improve the health, safety and environmental performance of their products and processes, and plays a key role in helping the chemical industry achieve sustainable development. It is therefore no exaggeration to say that the regional industry’s collective commitment to Responsible Care will be remembered as a historic milestone in the Association’s efforts to facilitate the adoption of acclaimed world-class practices in the region.

GPCA formally announced its plan to in establish Responsible Care program in the region at the Responsible Care Leadership Group (RCLG) meeting in Paris in October 2007. This was followed

by officially adopting the initiative at its Fourth Annual Forum in December 2009. In order to get the most out of the experience gained by other international associations in their journey towards Responsible Care, GPCA signed MOUs with the European Chemistry Council (CEFIC) and the American Chemistry Council (ACC).

In October 2010, the International Council of Chemical Associations (ICCA) unanimously approved GPCA’s full member¬ship in RCLG after reviewing the GPCA application at its annual meeting held in Dubai from September 21 to 23. RCLG members unanimously endorsed GPCA’s application and praised the remarkable efforts and prog¬ress achieved by GPCA in establishing Responsible Care in the region.

In shaping the regional program, GPCA has drawn from the experience of other international associations. It will also partner with ACC, European Chemistry Council (CEFIC) and Canadian Chemical Producers Association (CCPA) to address the global issues in a concerted manner. GPCA’s Responsible Care Program has the flexibility to incorporate the current and the future global initiatives in a manner consistent with the regional

demands and requirements.

The following is a snapshot of other Responsible Care achievements during the year:

i CEO Declarations: The number of CEOs signing the Declaration of support to Responsible Care jumped to 74 percent in the first quarter of 2010 from less than five percent before GPCA adopted the initiative. As of early 2011, the figure stands at 84 percent and is expected to reach 100 percent soon. The top-level commitment of companies was a qualifying factor for GPCA’s full membership in RCLG. GPCA has already made it mandatory for new members to sign the Declaration of Support prior to granting the membership status.

ii Guiding Principles: GPCA issued guiding principles for its member companies. These principles would form the basis of the Responsible Care Program development in member companies.

iii Logo Registration: The Responsible Care logo was registered in six GCC countries: UAE, Saudi Arabia, Bahrain,

Introducing Responsible Care, the global initiative that focuses on improving chemical industry performance, communication and accountability, has been a priority for GPCA from Day One.

Region Ready for

Responsible Care

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Annual Report 2010

Kuwait, Qatar and Oman. The tagline was translated into Arabic prior to the trademark registration. GPCA has established detailed criteria on the use of the logo, the use of which is limited to members who have carried out the self-assessment and have action plans to plug gaps.

iv Product Stewardship: GPCA conducted a three-day workshop which helped delegates understand the Product Stewardship Program and factors essential for its success at member companies. The workshop was a big success with more than 80 delegates attending.

v Self-Assessment: Seventeen member companies submitted their Self-Assessments and Action Plans. Self-Assessments are designed to check the level of compliance of existing EHSS (Environment, Health, Safety and Security) systems in member companies with the Responsible Care Management System. The member companies are

committed to closing the gaps in the system and third party verification by the year 2013.

vi Workshops and Awareness Sessions: GPCA conducted more than 30 workshops and awareness sessions for member companies during the year, attended by a total of 900 delegates. These were held at member company facilities free of cost.

vii Coordinators: Twenty-five member companies in the region have appointed Responsible Care coordinators to ensure success in implementing the program.

RCLG members and participants at the ICCA meeting in Dubai with GPCA Secretary General

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Annual Report 2010

The GPCA Advocacy Committee was formed in 2009 to formulate common industry positions on key policy matters and to serve as a strong advocacy body for the industry with a view to safeguarding its common interests and promoting its sustainable development.

The Advocacy Committee’s initial efforts have focused on tackling a range of trade-related issues that could have a major impact on sustainable growth of the

regional petrochemicals and chemicals industry. In particular, the committee has advocated free trade in chemicals through a reduction in tariff and non-tariff barriers to trade, such as superfluous technical barriers and unnecessary import licensing.

GPCA reckons that Advocacy will remain one of its key functions in the coming years. The Advisory Committee consists of 12 members, each representing a Full Member of the Association. Committee

members are nominated by the Board and appointed for a three-year term. The committee is open to taking up new issues on behalf of the regional industry, member companies or the industry in a specific country. The issues may be related to international trade or other common concerns, but are not limited to those.

The Advocacy function of GPCA also involves lobbying governments as well as other private or public sector organizations on behalf of the regional industry to forge common positions and strategies in areas of mutual interest. This has gained additional significance with the

GPCA’s advocacy role came to prominence in 2009 and 2010, when the Association articulated the collective voice of the regional petrochemicals and chemicals industry in opposing protectionist tariffs in key markets, such as India, China and Europe.

More Prominent

Advocacy Role

The Advocacy function of GPCA also involves lobbying governments

as well as other private or public sector organizations on behalf of the regional industry.

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Annual Report 2010

Association’s stronger role in advancing the Responsible Care program across the region.

The Association has a clear vision on what kind of advocacy role it should play with regard to the diverse issues facing the industry as well as its scale of intervention. GPCA will take a strong leadership role in developing and communicating the industry position on several issues to government institutions within and outside the region. These will include EHSS, trade regulations in countries importing chemicals from the Middle East, product and production standards and fostering legal frameworks that encourage partnerships with other industries (e.g., downstream conversion). GPCA will also be responsible for communicating the official industry positions on these matters to the media.

The Advocacy Committee is also committed to increasing awareness of important trade issues that can have a bearing on the regional industry. In line with this objective, the Committee organized three awareness building workshops for member companies in 2010, addressing the issue of anti-dumping tariffs (May, Bahrain) and antitrust and anti-dumping laws (October, Dubai). The Committee

also compiled four trade-related reports focusing on the following aspects:

• TradeRemedyList• GPCApositionpapersrelatingtoDoha

Round of trade negotiations• GCCProductTariffs• AlertsformembercompaniesonWTO

issues

The advocacy role will see GPCA playing an active role in promoting free trade and challenging protectionism, as well as campaigning within the industry to raise the Environment, Health, Safety and Security standards.

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Helping Meet

HR Challenges

Given HR critical role in sustaining the industry’s competitiveness, the petrochemical industry in the region has made significant investments in grooming local talent. Considering the rapid and consistent growth of the Gulf industry, talent availability has been a concern despite the best efforts of companies and governments. The GPCA HR Committee was established in 2007 to provide a platform for the industry to collectively assess and address challenges common to all members and seek effective solutions.

The HR Committee’s main objectives are:• IdentifyandanalyzeHRissues,define

efficient systems to recruit and train people

• Enhance organization businessperformance through understanding the business challenges and aligning it to HR best practices

• Exchange information and bestpractices through specialized workshops and training programs

• Promote a HR practitioner networkamong Gulf countries

The HR Committee has been organizing numerous workshops dedicated to issues of concern since 2008. In 2010, the Committee conducted several workshops

and activities focused on Leadership and Talents Retention. These included:• Internal Session on ‘Organizational

Effectiveness’, facilitated by international consultants

• A two-day workshop on ‘RetentionChallenges’

• A one-day workshop on ‘HR asa strategic partner for business effectiveness’

• Formulation of an HR CompetencyCatalogue that has been uploaded on GPCA website

Human Resource (HR) management is a key concern for Gulf petrochemical industry as the pool of talents has been shrinking across the region.

Talent Retention and Leadership are two HR focus areas for GPCA

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Annual Report 2010

When GPCA established its Supply Chain Committee in 2008, the idea was to explore how the Association can show its commitment to ensuring improvements in the regional supply chain with the cooperation of all member companies.

The two very successful GPCA Supply Chain Conferences, held in 2009 and 2010, offered an excellent platform for the regional industry to focus on SCM challenges and explore ways of effecting changes and improvements. The Committee also oversaw dedicated workshops in 2009 and 2010 to emphasize the need for members to adopt global SCM standards.

The SCM events brought together a wide range of organizations including petrochemical and chemical companies, supply chain service providers, storage and packaging companies, and government authorities such as ministries, ports, free zones and terminal operators. The Gulf countries have shown breathtaking ambition in developing ports and airports, and investing in road and rail projects. Other countries in the region have also plans to develop their transport infrastructure further. GCC countries are aware that economic

growth is only possible if a vibrant supply-side logistics industry exists, and if the necessary infrastructure is built to move goods in and out of their countries. GCC governments are set to invest $55 bn in roads and airports, and other Gulf oil producers are expected to pump more than $55bn into road and airport projects within the next 10 years.

The GPCA Supply Chain Committee also published a comprehensive study

focusing on the GCC region and Iran titled “The Gulf Supply Chain Landscape 2005-2015”. The Committee will continue to work toward strengthening the regional SCM through initiatives such as research and studies, data and information sharing, standardization of safety regulations related to product handling and transportation, industry benchmarking studies and identification of the most important areas for improvement.

Exploring Ways to

Redefine SCM

For a region that relies heavily on exports and imports, the importance of Supply Chain Management cannot be overstated. Petrochemicals constitute the second largest export commodity in the Gulf.

The regional industry is keen to implement global supply chain management standards

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Annual Report 2010

Against Damning

Plastics

Plastics’ versatility and recyclability, combined with material strength and flexibility, have endeared them in a wide range of important and technologically superior applications, ranging from household packaging to reduce food spoilage, to automobile and aircraft manufacturing to save energy and reduce pollution. In the health care sector too, plastics are playing an extremely useful and valuable role.

GPCA launched its Plastics Committee in July 2008 amid a persistent campaign in the region to condemn plastics as public health hazard and a major cause of environmental pollution. The campaign has eventually led to some states in the region moving to ban plastic carrier bags. The GPCA Plastics Committee has actively sought to redefine the image of plastics, promote plastics as a responsible material choice and highlight the positive and role of the plastics industry and plastics materials in the community.

The committee has also been engaging proactively with governmental and regional agencies to voice the Industry viewpoint to influence the adoption and implementation of regulations and standards related to plastics.

The committee started its activities by initiating a plastic image survey that was conducted across the six GCC states and its results showed that by and large, the general population appreciated the value and importance of plastics. The aim of the survey was to measure the

level of plastic acceptance in the region and establish a data-based approach to tackle the plastic issues in the region.

Based on the findings of the survey, the Plastics Committee has designed a multi-faceted program to address public concerns about plastics. The program is geared to raising public awareness of plastics attributes and the contributions of the industry and the material to community well-being. As part of its outreach efforts, the committee has appointed plastics ambassadors in member companies to promote the virtues and value of plastics to the community at large. It has also finalized a program to reach out to the student community in Abu Dhabi.

The Association will continue to promote comprehensive science-based policies and pursue efforts to ensure enforcement of existing laws to prevent litter. It will also campaign for creation of opportunities and facilities to recycle plastics and recover the energy embedded in plastic products. GPCA believes that success in these efforts will require sustained cooperation among a wide range of stakeholders.

The Plastics Committee has also been

Plastics, one of the most versatile families of products from the petrochemical value chain, are critical to our everyday life, and have been increasingly replacing heavy metal and wood in almost every sector of manufacturing.

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Annual Report 2010

actively engaging all players in the value chain from 2009 It has reached out to the retail and distribution channels in the region in a sustained manner. Considering the sector’s importance as a major stakeholder in the daily use of plastics, GPCA conducted three major workshops that focused on waste management and addressed the challenge posed by customer preferences for alternative products.

Over the past two years, the Plastics

Committee has consistently emphasized the positive role of modern plastic products in reducing pollution and helping the cause of Sustainability, explaining that the solution to what is perceived as plastics pollution lies in the 4 R’s: Reduce, Reuse, Recycle and Recover. GPCA holds that the presence of plastic debris in the region’s marine and desert environments is due to poor or insufficient waste management, lack of sufficient recycling and recovery facilities, and simply bad practices such

as land and marine litter. The Association is firmly committed to the principle that plastics should not be littered – they should be responsibly used, reused, recycled and finally recovered for their energy value. The first GPCA Plastics Summit, held in Dubai in June 2010, drove home that message forcefully (see Highlights 2010).

Plastics serve major applications in the modern automobile and aviation industry, helping to reduce weight which in turn helps to reduce fuel consumption and pollution

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Annual Report 2010

Strengthening the Regional

Fertilizer Sector

The global fertilizer industry plays a crucial role in increasing food production and the Gulf region’s strength in the production of fertilizers makes the regional petrochemical industry an important stakeholder in the international fertilizer market.

It was this recognition that led GPCA Board of Directors to establish a Fertilizers Committee in December 2009 and approve the idea of a GPCA Fertilizers Convention to be an annual event in its calendar.

The conference is a platform for regional producers to exchange fertilizer-related issues, both in production and global market contexts, as well as being a meeting place for all fertilizer industry players to discuss key issues and challenges, and to benefit from the knowledge sharing experience (More details in Highlights).

The Fertilizer Committee also hosted a Technical Workshop in May 2010 in Bahrain and compiled a Materials and Inventory Support Network for the benefit

of member companies. The workshop was preceded by a delegate tour of the Gulf Petrochemical Industries Company (GPIC). Senior executives from SABIC (Saudi Arabia), PIC (Kuwait), Ma’aden (Saudi Arabia), Fertil (Abu Dhabi) and QAFCO (Qatar) presented papers at the workshop which was attended by over 30 delegates. The workshop covered complex topics related to fertilizer production, serving GPCA’s objectives of facilitating knowledge-sharing and networking opportunity, and drawing much appreciation from delegates.

The Gulf region enjoys a 16 percent share of the world’s nitrogenous fertilizer market and has also been expanding into phosphate fertilizer production.

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Annual Report 2010

The Association has been working hard to strengthen this role. Over the past five years, GPCA has made a small beginning in its effort to build this knowledge base, using tools such as its website, quarterly publication Insight, and specially commissioned studies and surveys. The Gulf Petrochemicals and Chemicals Directory published by GPCA has also been widely used by the industry and associated businesses worldwide.

In 2010, GPCA revamped its website to include additional information features. The website has a members-only section that provides visitors with a variety of information on the global industry and sectors, along with web links to other member company websites.

GPCA commissioned and published two very special reports in 2010, both in partnership with international management consulting firm A.T. Kearney: one on Sustainability and the other on the economic potential and strength of CHIMEA (China, India, Middle East and Africa) region.

Environmentally Sustainable GCC Petrochemicals – Gateway to Growth or Just a Mirage? provides an overview of Sustainability as it relates to GCC

petrochemical manufacturers. It includes an outline of three sources of value – Cost Reduction, Brand Enhancement and Revenue Generation – that can result from stronger environmental stewardship practices. The report also provides a brief overview of a five-pronged plan to develop Sustainability Strategy that is both environmentally and economically responsible.

CHIMEA: A Global Trading Force and Petrochemicals Hub analyses the rising power of this crucial region and its importance as an emerging global petrochemical hub. Relying on current and projected trade and consumption figures, the report says that the Middle East is likely to maintain a strong competitive positioning compared to all other regions because of its long-term cost advantage.

CRA report: GPCA invited CRA International to organize a scenario-based workshop for senior executives in the chemicals sector. The theme of the workshop was ‘An uncertain future in an evolving global economy - A GPCA perspective on how the Gulf chemicals industry can ensure success’. The objective of the session was to explore the most important factors, trends and drivers that will define the operating environment for the Gulf chemicals industry over the next two decades, and to consider alternative scenarios. The CRA Report details the discussions at the workshop and the viewpoints of regional industry executives, combining those with CRA’s own perspectives as strategy consultants to chemical industry clients around the world.

The Gulf Supply Chain Landscape 2005-2015: This comprehensive and authoritative study defines the current landscape of the petrochemicals supply chain sector in the region. It brings to the attention of stakeholders both the challenges and numerous opportunities to enhance the competiveness of Gulf producers. A special feature of the study is that it considers the dynamic interactions between petrochemical capacities, exports and the supply chain.

Widening and Enhancing

Knowledge Base

One of GPCA’s key objectives is to develop a reliable and accurate information and knowledge base on the industry – to benefit the industry as well as external stakeholders.

Highlights 2010

GPCA continued to facilitate extensive networking between producers, suppliers, consumers, financiers and others in the petrochemical industry chain, offering an effective platform to weigh challenges and seek solutions.

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Annual Report 2010

Attendance at the Forum registered a year-on-year increase of over 22 percent to reach 1342.

The inaugural keynote address at the Forum was delivered by Sheikha Lubna Al-Qasimi, Minister of Foreign Trade of the United Arab Emirates (UAE). Other notable speakers on the first day of the forum were Khalid Al-Falih, President and CEO, Saudi Aramco, Mr. Mohammed Al Mady, Chairman , GPCA ; Vice Chairman and CEO SABIC, Christian Jourquin, CEO

of Solvay S.A., Axel Heitmann, Chairman of the Board of Management, Lanxess AG, Francois Cornelis, Vice Chairman of Total and President of Chemicals.

Dave Weidman, President and CEO, Celanese, Dr. Abdul wahab Al-Sadoun, Secretary General, GPCA, Ki-Joon Hong, President and CEO, Hanwha Chemical Corporation, Dimitry Konov, President of Russia’s Sibur LLC , Rainer Diercks, President, Petrochemicals Div. BASF SE and Victor L. Chu, Chairman, Far Eastern Investment Group, also addressed the Forum on the second day.

The Forum identified various factors that

could facilitate the process of change and act as enablers of change: adopt a new mindset, focus on constant improvements in products, processes and systems, and pay attention to developing innovation along the lines of full value chains to achieve integrated and sustainable solutions.

As the Forum ended, delegates went back with two clear messages from the regional industry: that the Gulf will consolidate its position in the global industry through further growth, and the region is serious about creating a solid structural and cultural framework to build a culture of Innovation.

“Driving value and growth through Innovation” was the main theme of the Fifth Annual GPCA Forum held in Dubai from December 7 to 9, 2010.

Annual ForumFifth GPCA

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Annual Report 2010

Plastics Summit

The summit proved to be a strong platform to discuss important issues facing the regional plastics industry. Innovation and sustainability topped the agenda. The list of speakers included leaders and decision makers at companies spanning the plastics value chain, from resin producers to packaging companies. They stressed the importance of collaboration between resin suppliers and converters to build a strong and sustainable plastics industry in the Middle East.

Moayyed Al-Qurtas, Chairman of the GPCA Plastics Committee and Vice Chairman & CEO of TASNEE, Khaled A. Al-Mana, Executive Vice President Polymers at SABIC, Manfred Klepacz, CEO, Al Rajhi Holding Group, Koos Van Haasteren, Executive Vice President, Performance Chemicals, SABIC, and Laurence Jones, Vice President, Corporate Support, at Borouge were key speakers at the event. Hugo Verlomme, author of The Plastic Bag War, and environmentalist and oceanographer, also addressed the summit.

The summit was told that the plastic converting industry in the GCC is growing at the rate of 9 to 11 percent per year, and regional plastics consumption per capita will be the second largest in the world

by 2020. Consumption of plastics in the GCC region has grown from 19 kg/capita in 2000, to 39 kg/capita in 2010 and by 2020 it will reach the same level as Japan. The GCC plastics conversion market is

valued at about $10 billion per year.

The second day of the forum was devoted to sustainability, highlighting how the GCC’s burgeoning plastics industry faces its own set of challenges. In the context of the outcry against plastic carrier bags, it was felt that recycling is the only way to address the issue in the region. Recycling was discussed in detail at the summit, and speakers called for more initiatives in GCC countries, since there is virtually no effort at present.

First GPCA

The First GPCA Plastics Summit, held in Dubai from June 14 to 16, was attended by over 300 delegates.

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Annual Report 2010

First GPCA

Fertilizer Convention

The Convention, held in partnership with British Sulphur Events, was attended by 212 delegates from 30 countries representing a cross section of producing, consuming, trading and technology companies.

The event has established itself as a new platform to assess market conditions and capacity planning and discuss ways of improving the efficiency of fertilizer usage to enhance food security.

Khalifa Al Sowaidi, Chairman of the GPCA’s Fertilizer Committee, Luc Maene, Director General, International Fertilizer Industry Association, David Dawe, senior economist at the UN Food and Agriculture Organization (FAO), Dr Amit Roy, President and CEO, International Fertilizer Development Institute, Satish Chander, Director General of the Fertilizer Association of India, Fahad Alsheaibi, Executive Vice President, Fertilizers, SABIC, Khalid Al Mudaifer, VP of Phosphates SBU & New Business Development at the Saudi Arabian Mining Corporation (MA’ADEN), Professor Chen Li, Director of Fertilizer Department, China National Chemical Information Center, Zainal A. Matassan, Executive Director, Agromate Holdings, Mike Nash, Senior Editor/Manager, ICIS / The

Market, Gerhard Horn, Marketing Director of K+S KALI GmbH were among the key speakers.

A presentation by FAO’s Dawe emphasized the role of fertilizers in future agricultural production and specifically addressed the challenge of feeding 9.2 billion people by

2050. A whole afternoon session was dedicated to production technology,

capacity and environmental expectations.

Delegates were pleased with the opportunity to exchange ideas, share valuable information and weigh the prospects of fertilizers several decades down the road. The presentations and discussions once again underlined the important role of fertilizers in boosting food production, but also heard passionate calls to invest in the next generation of fertilizers that will help the world to reduce the use of land and water resources while boosting output and also reducing environmental impact.

The First GPCA Fertilizer Convention was held in Dubai from September 26 to 28. The theme of the event was “Working towards Food Security: Forecasting Fertilizers Demand – Strategies for Supply.”

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Annual Report 2010

Second GPCA

Supply Chain Conference

The event’s success and the feedback that GPCA has received indicate that the conference has become an important industry event for supply chain professionals around the world, especially in the chemicals industry.

Key topics at the event were: “Building and Maintaining a Sustainable Supply Chain”, “Moving Materials Out of the Middle East: Challenges and Opportunities”, “Using Service Level in the Supply Chain Concept”, “Building a Green Supply Chain and Translating it into Improved Bottom Line” and “Development Outlook of Ports.” Hamad Al Terkait, Vice Chairman of GPCA, Chairman of GPCA Supply Chain Committee and President and CEO of EQUATE Petrochemical Company, and Dr. Sh. Mohamed bin Khalifa Al Khalifa, CEO- Bahrain National Gas Co. (Banagas) were among the industry leaders who addressed the inaugural session.

Saleh I. Al-Shabnan, Project Executive, Supply Chain Management Project (EMDAD), SABIC, Christiaan Teulings, Vice President, Supply Chain Management, Borouge, Abdulaziz S. Al-Bati, Vice Chairman of GPCA Supply Chain Committee who is also General Manager, Supply Chain, TASNEE, Theo Zwygers, Vice President/Supply Chain Europe, Asia

and International, LyondellBasel, Suresh Krishnan, Supply Chain Leader for Dow Middle East and North Africa, Mitchell Silver, Project Development Director/Bulk Polymer Shipping Project, Mitsui O.S.K. Lines, Mansour S. Al-Mohana, Internal Audit Chief, SABIC Terminal Services Company (SABTANK), Leslie McCune, Managing Director of Chemical Management Resources Limited, Aamer

A. Alireza, CEO, Red Sea Terminal, and Tahir Jamal Qadir, Director, Responsible Care Initiative, GPCA, addressed the various sessions at the event.

The insights from the annual conferences are likely to play a key role in the regional industry adopting and achieving uniform supply chain standards and practices. The conference was preceded by a one-day workshop, facilitated by the Chemical Distribution Institute, where the need for a regional standard in reference to the existing transportation standards was evaluated by industry professionals.

The Second GPCA Supply Chain Conference was held in Bahrain on October 25 and 26, bringing together about 200 industry leaders and experts from around the world.

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Annual Report 2010

Looking

There is general agreement that the Association should play a more visible and vocal role not only in addressing the concerns and issues of the industry, but also to reach out to the community at large, governments and NGOs to ensure that the petrochemical industry’s contributions and social responsibility initiatives are recognized and appreciated. Year 2011 and the years beyond are likely to see a more proactive GPCA.

Healthy competition has always been good in fostering good practices and raising standards in the industry. Beginning with 2011, GPCA will have series of awards to recognize the best practices in the regional industry and the allied industries. Two awards have been constituted already: GPCA Plastics Innovation Awards and GPCA Supply Chain Excellence Awards. The former recognizes innovation and excellence in the plastic conversion industry, underlining the commitment of GPCA member companies to develop and support regional downstream industries. The award consists of four categories:

• PlasticProducts• Processing&Conversion• Plastics&Environment• TalentsinPlastics

The Association hopes that the awards will not only encourage excellence, but also bring out industry success stories in the region that may otherwise go unnoticed and unrecognized. The first edition of these awards will be presented at the GPCA Second Plastics Summit in Dubai from April 4 to 6, 2011.

The supply chain award will be presented during the Third Supply Chain Conference scheduled for October 2011 in Abu Dhabi. The award will recognize excellence in two categories:• Transportation, focusing on marine

and road transportation

• Service providers, covering IT andStorage & Warehousing

Overall, the coming year will see further momentum in implementing programs that are relevant to regional industry and strengthen its international profile:

• MoreemphasisonGPCA’sadvocacyrole

• Expedite the implementation of theResponsible Care Initiative

• Grow the networking events(conferences & workshops)

• Develop organizational systems /processes / staffing

• Formulate and enhance the GPCAService Portfolio for member companies

• Engage member companies indefining GPCA’s services / priorities

• Build a comprehensive regionalindustry data/information portal

• Launch excellence awards (Plastic,Supply Chain, Responsible Care, HR)

• Sponsor industry-related research &publications

• Activate relationships withinternational associations

By all means it is going to be another busy year. The Second GPCA Plastics Summit will be held in Dubai from April

Within our industry circles, there have been plenty of discussions on GPCA’s accomplishments in five years, and strengthening the position and role of the Association as we move forward.

Forward

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Annual Report 2010

4 to 6, with the theme of Growth through Technology and Innovation. The Second GPCA Fertilizer Convention will be held in Doha - Qatar from September 19 to 21 with focus on Sustainable Development. The Third GPCA Supply Chain Conference will take place in Abu Dhabi from October 18 to 20. The Sixth Annual Forum, from December 13 to 15, will take place in Dubai and will hopefully set a new record in terms of attendance and other accomplishments.

This calendar of major events is interspersed with several dedicated workshops organized by the Advocacy, Responsible Care, Plastics, Human Resources and Fertilizer Committees. GPCA will also commission and conduct new research-based reports and studies that will contribute to building our knowledge database for the benefit of member companies.

Year of ChemistryThe United Nations has proclaimed 2011 as the International Year of Chemistry (IYC) under the patronage of UNESCO and IUPAC (International Union of Pure and Applied Chemistry). IYC, being held under the unifying theme Chemistry – our life, our future, is intended as a worldwide celebration of the achievements of chemistry. EPCA (European Petrochemical Association) is also an active partner in promoting IYC.

GPCA is fully supporting the IUPAC initiative, and will play its role in creating more public awareness in the region about the role of chemistry in supporting sustainability and offering qualitative solutions for a wide range of industries, ultimately leading to constantly improving quality and comforts of life.

During the year, GPCA will continue to project the message that chemistry touches our lives, and has played an essential role in the progress humanity has achieved over the centuries. It will also highlight the socio-economic benefits the chemical industry has brought to regional economies, and the region’s contributions in the field of chemistry as well as in ensuring a better life for communities around the world.

Event Name Start Date

The Second GPCA Plastics Summit 4-6 April

The Second GPCA Fertilizers Convention 19-21 Sep

The Third GPCA Supply Chain Conference 18-20 Oct

The Sixth Annual GPCA Forum 13-15 Dec

GPCA Calendar 2011

Annual Report 2010

Financial Statements31 December 2010

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Annual Report 2010

from the Treasurer

To the Members of the Gulf Petrochemical & Chemical Association Dear Member Representatives,I have the pleasure in enclosing, on behalf on the Board of Directors, the Financial Report for the year ending 31 December 2010. As at 31 December 2010 Gulf Petrochemicals and Chemicals Association had total assets of AED 22,656,164 (2009: AED 14,590,117). The admission and annual fees for the year was AED 4,382,671 (for the year ended 31 December 2009: AED 3,978,975). The accounts have been audited by Ernest & Young Dubai. The financial statements are prepared in accordance with the financial reporting framework of the Association. All assets and liabilities are stated at nominal acquisition value. The financial report for the year January-December 2010 will be subject to approval by the Full Members at the ordinary General Assembly Meeting scheduled to be held in Dubai on March 17, 2011. You will receive appropriate documentation later in the year. Yours truly,

Abdulaziz Al-HajriTreasurer

The Management presents their report and financial statements for the year ended 31 December 2010.

Report

44

Annual Report 2010

to the Members of GPCAIndependent Auditor’s Report

Report on the Financial StatementsWe have audited the accompanying financial statements of Gulf Petrochemicals and Chemicals Association (the “Association”), which comprise the statement of financial position as at 31 December 2010, and the statement of comprehensive income and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

OpinionIn our opinion, the financial statements present fairly, in all material respects, the financial position of the Association as at 31 December 2010, and its financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards.

6 March 2011Dubai

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Annual Report 2010

Notes 2010 2009 AED AED

Membership fees 4,382,671 3,978,975 Conference and other income 1 9,146,940 5,941,845

GROSS INCOME 13,529,611 9,920,820 General and administrative expenses 2 (6,327,648) (5,117,162) Loss on exchange (18,621) (24,109)

SURPLUS FOR THE YEAR 7,183,342 4,779,549OTHER COMPREHENSIVE INCOME – –TOTAL COMPREHENSIVE INCOME FOR THE YEAR 7,183,342 4,779,549

STATEMENT OF ACCUMULATED SURPLUS

Accumulated surplus at beginning of the year 13,834,786 9,055,237 Total comprehensive income for the year 7,183,342 4,779,549

BALANCE AT 31 DECEMBER 21,018,128 13,834,786

Statement of Comprehensive IncomeYear ended 31 December 2010

The attached notes 1 to 9 form part of these financial statements.

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Annual Report 2010

Notes 2010 2009 AED AEDASSETS EMPLOYEDNon-current assetsProperty and equipment 3 4,743,579 79,752 4,743,579 79,752

Current assetsAccounts receivable and prepayments 4 5,092,925 2,149,818Islamic investment deposits 5&6 315,500 4,006,890Bank balances and cash 6 12,504,160 8,353,657

17,912,585 14,510,365

TOTAL ASSETS EMPLOYED 22,656,164 14,590,117

ASSOCIATION RESERVE AND LIABILITIESAssociation reserveAccumulated surplus 21,018,128 13,834,786 21,018,128 13,834,786

Non-current liabilitiesEmployees’ end of service benefits 7 235,907 128,163 235,907 128,163

Current liabilitiesAccounts payable and accruals 8 1,402,129 627,168 1,402,129 627,168 Total liabilities 1,638,036 755,331 TOTAL ASSOCIATION RESERVE AND LIABILITIES 22,656,164 14,590,117

_______________________ Secretary General

6 March 2011

Statement of Financial PositionAt 31 December 2010

The attached notes 1 to 9 form part of these financial statements.

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Annual Report 2010

Notes 2010 2009 AED AED

OPERATING ACTIVITIESSurplus for the year 7,183,342 4,779,549Adjustments for: Depreciation 3 33,642 55,581 Provision for employees’ end of service benefits 7 107,744 102,865

7,324,728 4,937,995Working capital changes:Accounts receivable and prepayments (2,943,107) 883,490Accounts payable and accruals 774,961 3,935

Cash from operations 5,156,582 5,825,420Employees’ end of service benefits paid 7 – (201,626)

Net cash from operating activities 5,156,582 5,623,794

INVESTING ACTIVITIESPurchase of property and equipment 3 (4,697,469) (87,900)

Net cash used in investing activities (4,697,469) (87,900)

INCREASE IN CASH AND CASH EQUIVALENTS 459,113 5,535,894

Cash and cash equivalents at 1 January 12,360,547 6,824,653

CASH AND CASH EQUIVALENTS AT 31 DECEMBER 6 12,819,660 12,360,547

Statement of Cash Flows Year ended 31 December 2010

The attached notes 1 to 9 form part of these financial statements.

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Annual Report 2010

1 CONFERENCE AND OTHER INCOME

2010 2009 AED AED

Conference income 4,770,397 3,378,007

Mini forum income 2,329,289 1,000,305

Publication income 248,827 248,286

Workshop income 1,000,863 367,508

Income from national bond 165,834 182,390

CEO round table income 215,546 144,519

Other income 416,184 620,830

9,146,940 5,941,845

2 GENERAL AND ADMINISTRATIVE EXPENSES

2010 2009 AED AED

Staff costs 3,612,687 3,111,678Communication expenses 230,968 338,096Functions, conferences and business travel expenses 1,966,475 993,365Professional fees and consultancy charges 139,626 356,023Miscellaneous expenses 377,892 318,000

6,327,648 5,117,162

Notes to the Financial StatementsAt 31 December 2010

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Annual Report 2010

3 PROPERTY AND EQUIPMENT

Leasehold Office Furniture Motor Improvements Building equipment and fixtures vehicles Total AED AED AED AED AED AEDCost: At January 2010 78,085 - 143,416 54,734 64,000 340,235 Additions - 4,178,517 149,036 369,916 - 4,697,469

At 31 December 2010 78,085 4,178,517 292,452 424,650 64,000 5,037,704

Accumulated depreciation At January 2010 78,085 - 121,497 54,501 6,400 260,483 Depreciation charge during the year - - 20,609 233 12,800 33,642

At 31 December 2010 78,085 - 142,106 54,734 19,200 294,124

Net carrying amount: At 31 December 2010 - 4,178,517 150,346 369,916 44,800 4,743,579

At January 2009 78,085 - 119,516 54,734 - 252,335 Additions - - 23,900 - 64,000 87,900 At 31 December 2009 78,085 143,416 54,734 64,000 340,235 Accumulated depreciation At January 2009 65,070 - 93,794 46,038 - 204,902 Depreciation charge during the year 13,015 - 27,703 8,463 6,400 55,581 At 31 December 2009 78,085 - 121,497 54,501 6,400 260,483 Net carrying amount: At 31 December 2009 - - 21,919 233 57,600 79,752

Notes to the Financial StatementsAt 31 December 2010

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Annual Report 2010

4 ACCOUNTS RECEIVABLE AND PREPAYMENTS 2010 2009 AED AED

Conference and other fees receivable 4,669,357 1,465,738Receivables from members 213,640 573,807Prepaid rents 95,618 46,948Other receivables 114,310 63,325 5,092,925 2,149,818 Unimpaired receivables are expected on the basis of past experience, to be fully recoverable.

5 ISLAMIC INVESTMENT DEPOSITS

2010 2009 AED AED

Mudaraba deposit 315,500 4,006,890 315,500 4,006,890

Islamic investment deposit represents the amount deposited with National Bonds PJSC. The amount is collectible on demand and earns profit on a time proportion basis for the period of holding of such deposit as declared by the party concerned. For 2010, the Association earned a profit of 3.78% per annum (2009: 3.54% per annum).

6 CASH AND CASH EQUIVALENTS 2010 2009 AED AED Bank balance and cash 2,504,160 3,353,657Term deposits 10,000,000 5,000,000 Bank balances and cash 12,504,160 8,353,657Islamic investment deposit 315,500 4,006,890 Cash and cash equivalents 12,819,660 12,360,547 Included in term deposits is Wakala Deposits of AED 10,000,000 (2009: Nil).

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Annual Report 2010

7 END OF SERVICE BENEFITS

Movements in the provision recognised in the statement of financial position are as follows: 2010 2009 AED AED

Provision as at 1 January 128,163 226,924Provided during the year 107,744 102,865End of service benefits paid - (201,626) Provision as at 31 December 235,907 128,163

8 ACCOUNTS PAYABLE AND ACCRUALS

2010 2009 AED AED Advances from non-members 12,997 13,611Accrued expenses and other payables 1,389,132 613,557 1,402,129 627,168

9 RELATED PARTY TRANSACTIONS

Compensation of key management personnelThe remuneration of key members of management during the year was as follows: 2010 2009 AED AED

Short-term benefits 1,654,150 2,197,173

Notes to the Financial StatementsAt 31 December 2010

The Organization

The GPCA organization continued to evolve – and grow – to meet the demands of a rapidly growing industry in the region

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Annual Report 2010

GPCA

Organization

GPCA organization is made of the following principal structures: • TheAnnualGeneralAssembly• TheBoardofDirectors

The GPCA shall have a General Assembly consisting of all the Official Representatives of the Members to be convened at least once a year during the four months following the end of the financial year of GPCA by a notice and at a location to be given by the Board of Directors (the ‘Annual General Assembly’).

The agenda of the Annual General Assembly shall include the following matters: • Elect and appoint the Board of

Directors (when appropriate) • Determine the admission fees and

annual membership fees for Full Members and Associate Members

• Approveandexaminepreviousyear’saccounts and GPCA Annual Report

• Any other matters the Board ofDirectors deems necessary.

Board of Directors GPCA is managed by a Board of Directors comprising at the most fifteen (15) physical persons elected by the General Assembly from amongst persons nominated by the

Full Members. The members of the Board shall be a representative of Full members who shall be the Chief Executive Officer or equivalent of such member. The members of the Board of Directors are elected for a period of three years. Their mandate is renewable.

The Board of Directors shall comprise of at least one Full Member from each country in the Gulf Region. The Board meets at least three times a year and is elected every three years by the General Assembly.

The Board of Directors has central responsibility for guiding GPCA activities and approving its policies, priorities and programs. The Board is empowered to define the criteria to obtain the Association’s membership, defining rules for admission, withdrawal and exclusion, as well as the activities to which they will be invited to participate.

In particular, the Board of Directors is vested to undertake the following roles: • DeveloptheGPCAstrategy&policy• Select the venues of the yearly

Annual Meeting, set the program for the yearly Annual Meeting, set the Annual Meeting fee

• Set the accounts, budget,

membership fees and submit same to the Ordinary General Meeting

• Approve new application for GPCAMembership

• Determine the uses and sources offunds and submits the GPCA Board composition to the Ordinary General Meeting.

The Board of Directors is empowered to make any necessary or useful act of management and of disposal to ensure optimal performance of the Association.

Secretary GeneralThe Board of Directors appoints the Secretary General. The Secretary General shall have charge over the general management of the Association and in particular the day to day administration. The Secretary General shall represent the Association and may be granted specific powers as referred to in Article 8 of the GPCA’s Articles of Association.

The Secretary General shall participate in the meetings of the General Assembly, the Board and the Executive Committee without voting rights.

Executive Committee The Executive Committee submits strategic and major positioning issues to

GPCA has adopted an organizational structure that will ensure good governance.

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Annual Report 2010

the Board for decision. Its proposals to the Board are based on input from the Secretary General.

Up to four (4) members make up the Executive Committee. It is composed of the Chairman, Vice Chairman, Treasurer and a Board member. The Executive Committee is elected every three years

by the Board of Directors, with a mandate and powers that are also determined by the Board.

Committees and Working Groups The Board of Directors is empowered to endorse projects of common interest to the industry by the establishment of advisory boards, working groups and

committees of whom it determines the composition, the mandate and the duration. The committees and working groups shall be drawn from the staff of the Member Companies of GPCA. Any determination or recommendation made by such Committees shall become operative only if approved by the Board of Directors.

GeneralAssembly

Board ofDirectors

SecretaryGeneral

CommunicationsAdvisory Board

ExecutiveCommittee

CommitteesAffairs

Communications& Marketing

Human ResourcesCommittee

PlasticsCommittee

Working Committees

Supply ChainCommittee

FertilizersCommittee

AdvocacyCommittee

Responsible CareCommittee

Administrationand Finance

Members &International

Relations

Research& Studies

ExecutiveSecretary

Events &Convention

Services

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Annual Report 2010

GPCA

Board of Directors

Mohamed Abdulla Al Azdi CEO ChemaWEyaat

Khalifa Al Sowaidi Managing Director QAFCO

Hamad Abdul Rahman Al Terkait GPCA Vice Chairman President & CEO – EQUATE

Mohamed H. Al-Mady GPCA Chairman Vice Chairman & CEO - SABIC

Abdulaziz Alhajri GPCA Treasurer CEO – Borouge

Maha Mulla Husain Chairman and Managing Director PIC

Moayyad I. Al-Qurtas Vice Chairman & CEO TASNEE

Abdulrahman Jawahery President GPIC

Ahmad Al-Ohali CEO SIPCHEM

Hamed Rashed Al-Nuaimi GPCA Executive Committee Member General Manager – QVC

Ali Hassan Al-Sidiky Director Qatar General Petroleum Corporation

Muhammed Al-Mulla General Manager QAPCO

Marwan N. Nusair President & CEO Alujain Corporation

Ziad Sami Al-Labban President & CEO Petro Rabigh

Dr. Hamed Al Dhahab CEO Oman PolyPropylene LLC

Seated, from left to right

Standing, from left to right

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Annual Report 2010

58

Annual Report 2010

Supply Chain CommitteeHamad Al Terkait - Chairman EQUATEDr. Abdulaziz S. Al-Bati - Vice Chairman TASNEEYousef Al-Mubarrazi SABTANKMurhaf Al Madani SABICIan Cochrane VOPACKJehad Taqi GPICRichard Heath TALKEBernard van den Wouwer ALMAJDOUIEHamed Khalil NATPETAnthony Elwine DAMCOHossam Kamis LYONDELL BASELLSaeed Al Badi BOROUGEKhalifa Al Suwaidi CHEMAWYAATYahya Al Naser EQUATEAhmad Mohammed Al-Derbasti QVCDomenico Gilibianco Lyondell Basell

GPCA is pleased to acknowledge the excellent efforts extended by outgoing members of the working

committees during their three-year tenure. At an all-committee meeting, Mohamed H. Al-Mady, GPCA

Chairman, acknowledged the efforts of committee members and presented them with appreciation plaques

Outgoing Members of

Working Committees

Human Resources CommitteeMaha Mulla Hussain - Chair Person PICAbeer Al Omar - Vice Chairman EQUATEMohammed A. Al-Nafea SABICAbdul Rahman Al Naama QVCYaqoub Al Kandari EQUATESalem Al Qamzei BOROUGEYusuf Fakhroo GPICNasser Mohammed Fahed Al Hajri QAPCOYahya A. Al Marzouqi BOROUGEAli A. Al-Kharshat TASNEEAsad Al Saeed PICMohamed Al-Qubaisi CHEMAWYAATYaser A. Fattah NATPETOsama Fakieh PETRO RABIGHAdel Al-Buainain Advance Petrochemical CompanyAbdullah N. Al-Jaber SIPCHEM

Advocacy Committee Ahmed Al Ohali - CHAIRMAN SIPCHEMAbdullah Al-Sadhan - Vice Chairman SABICJehad Taqi GPICKeith Hutton SIPCHEMAbdulaziz Babiker Al Shaikh QAFCOKamal Al-Behbehani’s PICObaid Al Dhaheri BOROUGEKhalfan Al Qamzi CHEMAWEYAAT Khalid Al Otaibi APPAhmad Asad Abdul Rahman Sherif Al Emadi QAPCOAtif M. Al Jemaili Kuwait Petroleum Corporation

Fertilizers Committee Khalifa Al Sowaidi - Chairman QAFCOAbdul Rahman Al Jawahery - Vice Chairman GPICFahad Al-Sheaibi SABICJehad Al-Hajji PIC Khaled Al-Mudaifer MAADENMohammed Al Rashid FERTILAdil Sakhi OMIFCOJehad Al Taqi GPICFahad H. Aldubayan SABICYousef Al Kuwari QAFCOJamal Abdul Jalil PICAhmed S. Ghaleb Al Muhairi FERTILRami M. Zubaedah ASTRA

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Annual Report 2010

Plastics CommitteeDr. Moayad Al Qurtas - Chairman TASNEEMuayad Al Faresi - Vice Chairman EQUATEJ.A.M. van Haasteren SABICLaurence Jones BOROUGEMitch Killeen LYONDELLBandar N. Al-Otaibi ASTRAKhaled Al Fuouzan TASNEEFadhel Al Ansari GPICAbdul Aziz Bashraheel QAPCOSayed Muneebullah Husaini NATPETRami M. Zubaedah ASTRAAdnan Almubarak CHEMAWEYAATAbdulAziz H. Mutwalli PETRO RABIGHSaleh Al Zharani Advance Petrochemical Company

Responsible Care CommitteeAbdul Rahman Al Jawahery - Chairman GPICY.A. Rahim Vice Chairman GPICSayer H. Al-Shammari SABICFaisal Malallah EQUATENaved Khan QAPCOMuralee Govindan QVCAlan Izzard BOROUGESaleh Al-Mansouri CHEMAWYAATAlbert E. Biggs SIPCHEMAmbaram K. Sanghani NATPETPeter David Allen TASNEEBader Al-Adwani PICKen Bruce LLOYDS REGISTERBryan Saunders METHANEX

Supply Chain CommitteeHamad Al-Terkaith - Chairman EQUATESaleh Al-Shabnan – Vice Chairman SABIC

Human Resources CommitteeMaha Mulla Husain - Chairman PICYaser A. Fattah - Vice Chairman NATPET

Plastics CommitteeDr. Moayyad Al Qurtas - Chairman TASNEEMuayad Al Faresi - Vice Chairman EQUATE

Fertilizers CommitteeKhalifa Al Sowaidi - Chairman QAFCOFahad Al-Sheaibi – Vice Chairman SABIC

Advocacy CommitteeAhmad Al Ohali - Chairman SIPCHEMAbdullah Al-Sadhan - Vice Chairman SABIC

Responsible Care CommitteeAbdulrahman Jawahery - Chairman GPICAlan Izzard -Vice Chairman Borouge

Leaders of Working Committees for 2011

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Annual Report 2010

Company Name Category Country of Origin Abu Dhabi Basic Industries Corporation (ADBIC) Full Member UAENational Petrochemical Company (NPC) Full Member IranMehr Petro Kimia Co (MEPEC) Gulf Producer under 100 KTA Iran Chevron Phillips Chemical Company LLC International Producer UAE Clariant International LTD. International Producer Switzerland INEOS International Producer UK Lanxess AG International Producer Germany Sibur International Producer Russia Tufail Chemical Industries Limited International Producer Pakistan Albemarle Corporation Service Company UAE AYTB, Al Yusr Townsend & Bottum Service Company KSA Bertschi Ebram Logistics Services Co. Service Company KSA Booz & Co. Service Company UAE Borderless Executive Search Service Company Belgium China National Chemical Information Center (CNCIC) Service Company China CRA International Service Company Bahrain Emirates Ship Investment Company (ESHIPS) Service Company UAE Endress + Hauser Instruments International AG Service Company UAE Euro Petroleum Consultants Service Company UK Gulf Investment Corporation Service Company Kuwait ICIS Service Company UK KPMG LLP Service Company UK Kuwait Oil Tanker Company Service Company Kuwait Petrochemical Marketing Company (PMC) Service Company KSA Polymer Access Pvt. Ltd. Service Company Pakistan SAP Middle East & North Africa LLC Service Company UAE Schmidt + Clemens Middle East DMCC Service Company UAE SunAce Gulf Service Company KSA Tecnon Orbichem Ltd Service Company UK Third Coast Chemicals Business Partner USA AMD Consulting Business Partner KSA A.Schulman Europe GmbH & Co. KG Business Partner Germany ChemWatan LLC Business Partner USA DP World Business Partner UAE EnerPlastics LLC Business Partner UAE Harco Group sa/nv Business Partner Belgium Integra Petrochemicals Pte Ltd Business Partner Singapore Master Chem Oil Ltd. Business Partner Malta Milliken Europe BVBA Business Partner Belgium Mitsui & Co., Middle East Ltd. Business Partner UAE Ningbo JiaFu Import & Export Co. Ltd Business Partner China Sara Offshore Services Limited Business Partner Hong Kong 3P Petro Value Business Partner KSA

Warm Welcome to

New Members

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Annual Report 2010

IRAN

National Petrochemical Company (NPC)No 104, North Sheikh Bahaei AveMolla Sadra Blv.Tehran 1993834557Tel: 982188066254Fax: 9821 88059702Mr. Mohsen Ahmadian www.nipc.net

KINGDOM OF BAHRAIN

Gulf Petrochemical Industries Company (GPIC)P.O.Box 26730, ManamaTel: + 973 17731777Fax: +973 17731047Mr. Yousef Fakhroo www.gpic.com

KINGDOM OF SAUDI ARABIA

Advanced Petrochemical CompanyP.O. Box 11022Jubail Industrial City 31961Tel: + 966 3 356 6001Fax: + 966 3 356 6065Mr. Abdullah Mogbel Al Garawiwww.advancedpetrochem.com

Al Jubail Fertilizer Company (ALBAYRONI)P.O. Box 10046Jubail Industrial City 31961Tel: + 966 33406342Fax: + 966 33416100Mr. Ahmed M Aljabrwww.sabic.com

Al Jubail Petrochemical Co. (KEMYA)P.O. Box 10084, Jubail Industrial City 31961Tel: + 966 33576363Fax: + 966 33576353Mr. Abdulaziz Bin Abdullah Alhabardiwww.sabic.com

Alujain CorporationP.O. Box 50575, Future Business Center, 2nd Floor, Al Amanah Street, Al Ruwais district,Jeddah 21533Tel: +966 2 652 9919Fax: +966 2 652 9949Mr. Marwan N. Nusair www.alujaincorporation.com

Arabian Petrochemical Co. (PETROKEMYA)P.O. Box 10002, Jubail Industrial City 31961Tel: + 966 33587000Fax: + 966 33584480Mr. Omar Abdullah Al-Amoudiwww.sabic.com

Eastern Petrochemical Company (SHARQ)P. O. Box 10035, Jubail Industrial City 31961Tel: + 966 33575000Fax: + 9663 3580383Mr. Mohammed Al-Wadaeywww.sabic.com

Farabi PetrochemicalsP. O. Box 11763, Jubail Industrial City 31961Tel: 00966 - 3 -356 5000Fax: 00966 3 356 5009 Eng. Mohammed Ibrahim Al-BibiKingdom of Saudi Arabiawww.gulffarabi.com

Methanol Chemicals Company (CHEMANOL) P. O. Box 2010, Jubail Industrial Park 31951Tel: 966 3 358 1111 x 400/505Fax: 966 3 358 1311Mr. Khalid Ibrahim Al-Rabiahwww.chemanol.com

NAMA ChemicalsP. O. Box 11919, Jubail Industrial City 31961Tel: + 966 33478888Fax: + 966 33478666Mr. Abdulmohsen Al Ogailiwww.nama.com.sa

National Industrialization Company (TASNEE)P.O. Box. 26707Riyadh 11496Tel: 966 3 359 9455Fax: 966 3 358 2588 Mr. Mufleh S. Al-Shammariwww.tasnee.com

National Petrochemical Industrial Company (NATPET)P.O.Box 4459, Jeddah-21491Tel: +9662 6048610 Fax: +9662 6529380Mr. Jamal Malaikahwww.natpetpp.com

Rabigh Refining & Petrochemical (PETRO RABIGH)Rabigh 21911Tel: + 966 2 425 8888Fax: + 966 2 425 8889Mr. Ziad Al Labban www.petrorabigh.com

S-ChemP.O.Box 11221, Jubail Industrial City 31961Tel: 966 3 357 4802Fax: 966 3 358 5192Mr. Said M. Bajodah

Safra Co. Ltd.P. O. Box 2824, Jeddah 21461Tel: + 966 26444090Fax: + 966 26431214Mr. Khalid Zagzoogwww.safraco.com

Sahara PetrochemicalsP.O.Box: 11166, Jubail Industrial City 31961Tel: 9663 3567700Fax: 9663 3589900Mr. Abdullatiff K. Al-Bilaliwww.saharapcc.com

Saudi AramcoTower Building, 9th FloorChemical Business OrganizationDhahran 31311Tel: 9663 874 6106Fax: 9663 873 4287Mr. Fayez Al Sharefwww.saudiaramco.com

Saudi Basic Industries Corporation (SABIC)P.O. Box. 5101, Riyadh 11422Tel: +9661 2258000Fax: + 9661 2259000Mr. Homood A. Al-Tuwaijri www.sabic.com

Saudi International Petrochemical Company (SIPCHEM)P. O. Box 12021, Jubail Industrial City 31961Tel: 966 3 357 4802Fax: 00966 3 359 9610Mr. Rashid M. Al-Dossariwww.sipchem.com

Full MembersEnd of Dec 2010

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Annual Report 2010

Saudi Yanbu Petrochemical Co. (YANPET)P. O. Box 30139, Executive DepartmentYanbu Industrial City 41912Tel: + 9664 3965205Fax: + 9664 3965001Mr. Soliman A. Alhosainwww.sabic.com

Zamil Chemical & Plastic Industries Co. Ltd. (Zamil ChemPlast)P.O. Box 9, Al-Khobar 31952 Tel: 966-3-8824888 Fax: 966-3-8870435Mr. Adel S. Al-Ghassab www.zamil.com

KUwAIT

EQUATE Petrochemical Company P.O. Box. 4733, Safat 13048KuwaitTel: 965 2576 5706 Fax: 965 2576 5708Mr. Muayad Alfaresiwww.equate.com

Petrochemical Industries Company (PIC)P.O. Box 1084, Safat 13011Tel: + 965 23211000Fax: +965 23211522Mr. Kamal Behbehani www.pic.com.kw

QATAR

Qatar Chemical Co. Ltd. (Q-Chem)Salam Tower, 1st FloorWest Bay, DohaTel: +974 4484 7104/7111Fax: + 974 4483 7379Mr. Ahmad Ibrahim Al-Emadiwww.qchem.com.qa

Qatar Fertilizer Co. (QAFCO)P. O. Box 50001, MesaieedDohaTel: 974 44228888Fax: + 974 44770119Mr. Khalifa Abdulla Al Sowaidiwww.qafco.com

Qatar Petrochemicals Company Ltd. (QAPCO)P. O. Box 756DohaTel: + 974 44242444Fax: + 974 44242421Mr. Abdulrahman Ali Al-Abdullahwww.qapco.com

Qatar Petroleum (QP)P.O.Box: 3212, WestBay, Al Dana Tower, 14th Floor, Office # 1404DohaTel: 97444095950Fax: 974 44293529Mr. Ali Hassan Al Sidikywww.qp.com.qa

Qatar Vinyl Company (QVC)P.O. Box 24440DohaTel: +974 44765888Fax: +974 44765704Mr. Hamad Rashed Al Nuaimiwww.qvc.com.qa

SULTANATE OF OMAN

Oman India Fertilizer Co. SAOC (Omifco)P.O. Box 67Sur 411Tel: + 9682 5532011Fax: + 968 25562849Mr. Adil Sakhi Mahmood Al Balushiwww.omifco.com

Oman Methanol Company LLCP.O.Box: 474Postal Code 322, Falaj al QabailSohar Tel: 968 26850554Fax: 968 26850540Mr. Richard M. Preecewww.omanmethanol.com

Oman Polypropylene LLC (OPP)P.O. Box: 277, PC 322Falaj al QabailSoharTel: +968 26865003Fax: +968 26865005 Dr. Hamed Al Dhahabwww.oman-pp.com

UNITED ARAB EMIRATES

Abu Dhabi Basic Industries Corporation (ADBIC)P.O.Box: 7063Abu Dhabi Tel: 9712 698 8444Fax: 9712 678 9990Mr. Brendan Sharpewww.adbic.com

Abu Dhabi National Chemicals Company (ChemawEyaat)P.O.Box 43237, Al Bateen Towers C-117th Floor (Green Emirates Property Building)Abu DhabiTel: 9712 412 3600Fax: 9712 635 9259Mr. Mohamed Abdullah Al-Azdiwww.chemaweyaat.com

Abu Dhabi Polymers Co. Ltd. (Borouge)P.O. Box: 6925, Sheikh Khalifa Energy Complex, Corniche RoadAbu DhabiTel: + 9712 6070100Fax: + 9712 6070111 Mr. Abdulaziz Alhajriwww.borouge.com

Ruwais Fertilizer Industries (FERTIL)P.O. Box: 2288, Sheikh Khalifa Energy ComplexKhalifa StreetAbu DhabiTel: 971 2 6021133/44Fax: 971 2 6021155Mr. Bassim Al Ghanimwww.fertil.com

End of Dec 2010

Full Members

63

Annual Report 2010

End of Dec 2010

Associate Members

BELGIUM

Borderless Executive SearchAvenue de l ptimisme 171140 BrusselsTel: 3227779696Fax: 3227779699Mr. Andrew Kriswww.borderlessexecutive.com

Harco Group sa/nv390 Avenue Louise, BE-1050 BrusselsTel: 32 2673 2744Fax: 32 2672 6450Mr. Harry Babikian www.harcogroup.be

Milliken Europe BVBAPostal Code: 9000, HAM 18-24GentTel: + 3292651082Fax: +3292651195Mr. Tony Nawarwww.millikenchemical.com

CHINA

China National Chemical Information CenterPostal Code: 100029No.53 Xiaoguan Str., AnwaiChaoyang DistrictBeijingTel: +86-10-64444034Fax: +86-10-64437118Ms. Grace Zeng www.cncic.gov.cn

Ningbo JiaFu Import & Export Co. Ltd22 Floor, Yinzhou Business TowerNo. 257 HuiFeng East StreetNingboTel: 0086 574 872 58356Fax: 0086 574 873 64850Mr. Leo Ruan www.jetwheel.com/web/index.html

DENMARK

Eitzen Solvang Ethylene ASCamillo Eitzen House, Amerika plads 38DK-2100 CopenhagenTel: +45 3997 0350Mr. Tor H. Augdalwww.eitzen-solvang.com

EGYPT

TCI Sanmar Chemicals LLCIndustrial Area (C) El RaswaSouth Port SaidTel: 022 066 3793799/002 066 3793540Fax: 206 6377 8003Mr. J.K. Menonwww.sanmargroup.com

GERMANY

A.Schulman Europe GmbH & Co. KGSchulman Strasse 33 cWurselenPostal Code: 52146Tel: + 33141077537Fax: + 33140940258Mr. Pojhan Vahabiwww.aschulman.com

BASF AktiengesellschaftCarl - Bosch - Strasse 38Ludwigshafen 67056Tel: + 49 (0) 621 600Fax: + 49 (0) 621 60 42525Mr. Harald Kroll Ms. Karen Gallacherwww.basf.com

Camelot Management Consultants AGTheodor-Heuss-Anlage 1268165 MannheimTel: 49 621 86298-0 Fax: 49 (0) 621 86298-250Dr. Josef Packowskiwww.camelot-mc.com

Helm AGNordkanalstr 28Hamburg 20097Tel: + 49 4023750Fax: + 49 40 23751845Mr. Michael Neuhoffwww.helmag.com

Lanxess AGPostal Code: 51369Chem Park Lev, G19LeverkusenTel: 49 (0) 214 30 57078 Fax: 49 (0) 214 30 959 57078Dr. Michael Herzhoffwww.lanxess.com

Lurgi GmbH5 Lurgiallee, 60295 Frankfurt/MTel: 49 (69) 5808 1245Fax: 49 (69) 5808 2410Mr. Montasser Abou-Oufwww.lurgi.com

The Linde GroupLinde AG Leopoldstrasse 25280807 MunichTel: 49 89 357 57-01Fax: 49 89 357 57-1075Mr. Uwe Rathmannwww.linde.com

HONG KONG

Sara Offshore Services LimitedUnit B, 19/F., Yardley Commercial Building, 3 Connaught Road WestHong KongTel: + 852 358 96151Fax: + 852 285 43315Ms. Breeze Leungwww.saraexport.com

INDIA

Finolex Industries LimitedP-14, Rajiv Gandhi Infotech park MIDC Hinjewadi Pune 411 057 Tel: 91-20-27408200Fax: 91 20 22933737Mr. Saurabh S. Dhanorkarwww.finolex.com

Reliance Industries LimitedBldg. No. 8A, 1st Floor, Reliance Corporate Park, Thane-Belapur Road, GhansoliNavi Mumbai 400 701Tel: + 91 22 44780301Fax: + 91 22 22847990Mr. Kamal P. Nanavatywww.ril.com

Supreme Petrochem Ltd.5th Floor, Bldg. No. 11Chakala, Andheri (East)MumbaiTel: + 91 2267710000Fax: + 91 2267091924Mr. Mahaveerprasad S. Tapariawww.supreme.co.in

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Annual Report 2010

IRAN

Mehr Petro Kimia Co (MEPEC)Unit 7&8-3rd Floor-No.230, Between North Naft St and Modarres HighwayZafar AveTehran Tel: 98 (021) 222 57 304-5Fax: 98 (021) 222 57 404Dr. H.R. Haghighat Padjoohwww.mepekco.com

JAPAN

Japan Saudi Arabia Methanol Co. Inc.Tokyo Sakurada Bldg, 1-3Nishi-Shinbashi, 1-Chome, Minato-KuTokyo 105-0003Tel: + 8133 5933541Mr. Yutaka Ohashi

KINGDOM OF BAHRAIN

CRA International P.O. Box: 20578, Suite 3302/3304Almoyyed TowerAl SeefTel: 97317563300Fax: 97317564691Mr. Bob Youngwww.crai.com

Devcorp International BSC (CC)P.O.Box: 10236Manama 311Tel: + 973 1722 8801Fax: + 973 1722 8805Mr. Ibrahim Al Mishari/Mr. Milind Godbolewww.devcorpint.com

Global Petrochemical Marketing Co.B.s.c.(c)P.O.Box: 75007, Block No. 327Road No. 2701Building No.49-Flat No.21ManamaTel: 00973 17744881/2Fax: 00973 17744883Mr. Yosif Jabriwww.g-p-m-c.com

Norgas Asia PTE Ltd13 Floor, Unit 13A, West TowerThe Financial CentreBahrain Financial HarbourManamaTel: (973) 1710 2820 Fax: (973) 1710 4707Mr. Obay Al-Dajaniwww.norgas.org

KINGDOM OF SAUDI ARABIA

3P Petro ValuePostal Code: 21455, hase 5, Industrial CityJeddahTel: +966 2 6360099; 065340735; 065340736Fax: +966 2 6352111Mr. Ali Hashimwww.gulf-pack.com; www.3pstretch.com; www.prime-plastic.com; www.3ppipe.com

A.T. KearneyP.O.Box: 230888Regus Kingdom Business Centre, Kingdom Tower (28th Floor, Office 1434)RiyadhTel: 97150 2400630Fax: 97147090599Mr. Daniel G. Starta/Mr. Vance L. Scottwww.atkearney.com

Al Bilad Catalyst Co Ltd P.O.Box: 10174St 198 Secondary IndustriesJubail Industrial City 31961Tel: 9663 358 9080Fax: 9663 358 1312Dr. Saleh Abotteenwww.bilad-catalyst.com

Al Jabr - Talke Ltd.P.O. Box 10610Jubail Industrial City 31961Tel: +966 50 100 3539Mr. Richard Heathwww.aljabr-talke.com

Al Majdouie Derijke Logistics Co. Ltd.P.O. Box 336Ibn Khalddon StreetDammam 31411Tel: + 966 38198185Fax: + 966 38114192Mr. Bernard Van Den Wouwerwww.almajdouie.com

Aldrees Petroleum & Transport Services CompanyP.O. Box 609Riyadh 11421Telephone: + 966 12355555Fax: + 966 12366666Mr. Tawfique Ahmed Al Muzainwww.aldrees.com

AMD ConsultingP. O. Box: 26744; Postal Code: 11496Office # 4201, 4th Floor, 2nd Tower, New Akariya Bldg.Sitteen Street, Malaz, RiyadhTel: 966 1 206 47 42Fax: 966 1 476 27 19Eng. Baha’a Y. Shawahnewww.amdconsulting.com.sa

Arabian Pipeline & Services Co. Ltd. (Anabeeb)P. O. Box 234, Jubail Postal Code 31951Tel: + 9663 3620556Fax: + 9663 3614990Mr. Hashim G. Moraiselwww.anabeeb.com

Astra Polymer Compounding CompanyP.O. Box 30740, Al Khobar 31952Tel: + 9663 8121232Fax: + 9663 8121342Mr. Bandar Al Saqerwww.astra-polymers.com

AYTB, Al Yusr Townsend & BottumP.O. Box 10270, Tareeq 124/175Jubail Industrial City 31961Tel: + 966 3 341 5224Fax: + 966 3 341 2044Mr. Muhleddin M. Zeinwww.aytb.com

Bertschi Ebram Logistics Services Co.P. O. Box 60451, King Fahad RoadPostal Code: 11545RiyadhTel: + 41765575401Mr. Jan Arnetwww.bertschi.com

End of Dec 2010

Associate Members

65

Annual Report 2010

Gulf Chemicals and Industrial Oils CompanyP.O.Box: 3942, Second Industrial CityDammam 31481Tel: 00966 3 8121022Fax: 00966 3 8121770Mr. Ibrahim Al Duaij/Mr. Ahmad Al Sukhonwww.gcir.com.sa

Industrialization & Energy Services Company (TAQA)P.O.Box: 28589, Riyadh 11447Tel: 9661 291 1111Fax: 9661 291 8555Eng. Abdulrahman M. Bin Zarahwww.taqa.com.sa

Ingenia Polymers Co. Ltd.P. O. Box: 11027, Jubail Industrial City 31961DhahranTel: 966 56 356 9707Fax: 96633465128Mr. Zach Charltonwww.ingeniapolymers.com

MPC MA’ADEN Phosphate Co. L.L.CP. O. Box 1111, Jubail Industrial City 31961Tel: + 9663 347 3333Fax: + 9663 3478166Mr. Mohammad A. Alam; Mr. Abdulaziz Al Harbiwww.maaden.com.sa

National Chemical Carriers Ltd. Co.P. O. Box 8931, 301, Old Akariyah Bldg, Sitteen St. Malaz AreaRiyadhTel: + 966 1477 3934Fax: + 966 1476 4328Mr. Abdullah M. Mohannawww.ncc-riyadh.com.sa

Petrochemical Marketing Company (PMC)P. O. Box 89491, Postal Code: 11682RiyadhTel: 96614632888Fax: 96612885358Mr. Abdullah S. Nojaidiwww.pmc-ltd.net

Reda Industrial Materials GroupP.O. Box 2923, Al Bustan Area, ABT Building, 2nd FloorKhobar-Dammam Expressway; Al-Khobar 31952Tel: + 9714 33 25100Fax: + 9714 3325200Mr. Abboud Smadiwww.redagroup.com

Royal Commission for Jubail & YanbuP. O. Box 5964, Riyadh 11432Tel: + 966 14746691Fax: + 966 14793471Mr. Mubarak A. Al-Mubarakwww.rcjy.gov.sa

Sabic Terminal Services Co. (SABTANK)P. O. Box 10135, Jubail Industrial City 31961Tel: + 966 33579000Fax: + 966 33575406Mr. Yousef A. Al-Mubarraziwww.sabic.com

SunAce GulfP.O Box 11121, Jubail Industrial City 31961Tel: + 966 3 341 2230Fax: + 966 3 341 1319Mr. Adam Hansrodwww.saudipangulf.com/aff_sunace.htm

KUwAIT

Boubyan Petrochemical CompanyAl-Sharq, Khalijiya Building5th & 6th Floor, 2383 Safat13024 KuwaitTel: 00965 22446684/5/6Fax: 00965 22414 100Mr. Mohammed Al-Bahar/Mr. Dabbous Al-Dabbouswww.boubyan.com

Gulf Investment CorporationP. O. Box 3402-SafatPostal Code: 13035KuwaitTel: +965 22225222Fax: +965 2222 5177Mr. Hisham Al-Razzuqi/Mr. Khaled Al-Qadeeriwww.gic.com.kw

Ikarus Petroleum IndustriesP.O. Box 551, Yarmouk 72656Tel: +965 24965885Fax: +965 24965886Mr. Suhail Abograiswww.ikarus.com.kw/en/

Kuwait Oil Tanker CompanyP. O. Box 810 - Safat 13009Shuwaikh administrative Sector (P) - Gamal Abdel Nasser StreetKuwaitTel: +965 2462 5353Fax: +965 2642 5372Mr. Bader AL Otaibiwww.kotc.com.kw

Qurain Petrochemical Industries CompanyP.O.Box: 29299, SabahayaSafat 13153Tel: 965 23211900Fax: 965 23627288Mr. Fuad Akbar www.qpic-kw.com

MALTA

Master Chem Oil Ltd.Postal Code: VLT 11715/2 Merchants StreetVallettaTel: 0040212029078Fax: 0040212240860Mr. Adrian Stoenescuwww.masterchemoil.com

PAKISTAN

International Chemplast (Pvt) LimitedSuite#509, Progressive Plaza, Beaumont RoadKarachi 75530Tel: + 9221 111325325Fax: + 9221 5656591Mr. Arshad Riaz Fazailwww.icplpk.com

Polymer Access Pvt. Ltd.309, Progressive Plaza, Beaumont RoadKarachi 75530Tel: 922135686244Fax: 922135686274Mr. Zulfiqar Hussainwww.polymerxs.com

End of Dec 2010

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66

Annual Report 2010

Tufail Chemical Industries LimitedMezz. Floor, Progressive Centre, 30-A/6, PechsKarachi 75400Tel: 922134388204-8Fax: 922134546688Mr. Zubair F. Tufailwww.tufailgroup.com

QATAR

Gulf Organization for Industrial Consulting (GOIC)P.O. Box 5114, DohaTel: 97444 858888; ‘974 44858805Fax: + 97444 831723H.E Mr. Abdulaziz bin Hamad Al-Ageelwww.goic.org.qa

Qatar Industrial Manufacturing Company (QIMC)P.O.Box: 16875, Al Corniche Street, West BayDohaTel: 974 44831199Fax: 974 44837878Mr. AbdulRahman Al-Ansari/Dr. Hazim Al-Kadiwww.qimc.com.qa

Total PetrochemicalsP.O. Box 5177, DohaTel: 974-4420 8350Fax: 974-4498 0794Mr. Bryan Canfieldwww.totalpetrochemicals.com

RUSSIA

SiburPostal Code: 11721816, bld 3 krzhyzhanovskogo strMoscowTel: + 7 (495) 777 55 00Fax: + 7 (495) 777 55 00 32 72Ms. Zobova Elenawww.sibur.ru

SINGAPORE

Braemar Quincannon Pte. Limited80 Robinson Road #22-04Tel: + 6565330069Fax: 6565369381Mr. Mark Mirosevic-Sorgowww.braemarseascope.com/business_areas/globaloffices/singapore.html

Integra Petrochemicals Pte Ltd2 Batterty Road, May Bank Tower #28-01Singapore 049907Tel: 6562209895Fax: 6562202908Ms. G.C. Fyffewww.integra-global.com

SOUTH KOREA

Samsung Engineering Co. Ltd.Samsung SEI Tower 467-14Dogok-Zdong, Gangnam - GuSeoul 135-856Tel: + 822 34583323Fax: + 822 34584051Mr. Min-su Kowww.samsungengineering.co.kr

SwITZERLAND

Clariant International LTD.Postal Code: 4133, HARDSTR. 61PrattelnTel: +0041793952467Fax: +0041614696588Mr. G nter Martinwww.clariant.com

Nova Chemicals Avenue De La Gare 14, ZIP 1700FribourgTel: 41 26 426 5757Fax: 41 26 426 5770Mr. Rocky Vermaniwww.novachem.com

Songwon International AGBreitenstrasse 16/P.O. BoxCH-8501, TravenfeldTel: 415 2635 0000Fax: 415 2635 0001Mr. Dieter Morathwww.songwonind.com

TURKEY

Bayegan Dis Ticaret ASBayar Cad. Sitma Pinar sok.No:3 Kat:5 Kozyatagi, Istanbul 34742Tel: 00902164100000Fax: 00902163738519Mr. Ruya Bayeganwww.bayegan.net

Chemorbis19 Mayis Mahallesi, Ataturk CaddesiSeref Yazgan Is Merkezi,No:72, Kat: 6, D: 16 Kozyatagi - 34736 Tel: + 902 164681025Fax: + 902 163605788Mr. Seda Aratwww.chemorbis.com

UNITED ARAB EMIRATES

Abu Dhabi Oil Refining Co. (TAKREER)P.O. Box 3593Abu DhabiTel: + 9712 6027040Fax: + 9712 6027050Mr. Jafar S. Al Jaberiwww.takreer.com/english

Agility PJSCP.O. Box 93971, MW Plot 4, Queenex Building, Musaffah Industrial AreaAbu DhabiTel: 971 2 5099599 Fax: 971 2 5514833Mr. Houssam MahmoudMs. Lucy Marcuwww.agilitylogistics.com

Albemarle Corporation451 Florida Street, Baton Rouge, LA 70801, USA Tel: 971 4 7017770Fax: + 971 4 701 7780Mr. Mohammad Sabriwww.albemarle.com

Booz & Co.Dubai Internet City, Building 14, 3rd Floor, Sheikh Zayed RoadDubaiTel: +97143900260Fax: +97143908559Mr. Andrew Horncastlehttp://www.booz.com/me/home/who_we_are

BorealisP.O. Box 48313, C2 Tower - 16th Floor Al Bateen Area, Abu DhabiTel: 9712 4123502Fax: 9712 6359262 Mr. Henry Sperlewww.borealisgroup.com

End of Dec 2010

Associate Members

67

Annual Report 2010

Chemical Market Associates Inc. (CMAI)P.O. Box 500395, DubaiTel: + 9714 3912931Fax: + 9714 3916476Mr. Anthony James Potter www.cmaiglobal.com

Chevron Phillips Chemical Company LLCP. O. Box 293892, Bldg. 6EA, Suite 401Dubai Airport Free ZoneTel: 971 4 701 7708Fax: 971 4 701 7724Mr. Elijah Andjelichwww.cpchem.com

DamcoGround Floor, Shipping TowerAl Mina Road, Bur Dubai, DubaiTel: 9714 508 6207Fax: 9714 392 0155Mr. Anthony Elwinewww.damco.com

DMCCP. O. Box 48800, Dubai Multi Commodities Centre Almas Tower, Level 49-51, Jumeirah Lakes Towers DubaiTel: + 9714 3903899Fax: + 9714 3903897Mr. James Bernardwww.dmcc.ae

Dow Chemicals IMEA GmbHLevel 22. Al Attar Business TowerSheikh Zayed Road DubaiDubaiTel: 9714 3123668Fax: 9714 3123 660Mr. Hani Wassimwww.dow.com

DP worldP.O. Box 17000, Ground Floor, Jafza 17 Bldg., Lob 17, Jebel Ali, DubaiTel: +97148815645Fax: +97148817777Mr. Raveen Gulianiwww.dpworld.com

Emeraude InternationalP.O Box 487350, Level 24, AG TowerJumeirah Lake Towers, DubaiTel: 971 4 44 97100/1Fax: 971 4 305 0645Mr. Pierre Le Correwww.emeraude-international.com

Emirates Ship Investment Company (ESHIPS)P.O.Box: 31466, Abu DhabiTel: 9712 4941800Fax: 9712 6268661Mr. Thomas Andreassenwww.eships.ae

Endress + Hauser Instruments International AGP.O.Box: 293828, 6EA 704 Dubai Airport Free ZoneDubai Tel: 9714 2993140Fax: 9714 6091811Mr. Andreas Parpaswww.endress.com

EnerPlastics LLCPostal Code: 37561, Jebel Ali Industrial Area 1, Plot No. 1007-599, DubaiTel: +971 4 8802955Fax: +971 4 8802966Mr. Akhter Amanwww.enerplastics.com

Evonik Degusa Gulf FZEP. O. Box 293594, DubaiTel: 97142045580Fax: 97142045578Mr. Tilman Ehret www.evonik.com

Gulf Navigation Holding PJSCPost Box No 49651Saba Tower1, 32nd Floor, DubaiTel: 971 4 4270104 Fax: 9714 4270102Mr Abdullah Al Shuraim/Mr. PER WISTOFT www.gulfnav.com

Kemsol Ltd.P.O. Box 18295, DubaiTel: + 9714 8839800Fax: + 9714 8839910Mr. Asit Gunwantlal Shahwww.kemsoluae.com

Llyod’s Register EMEAP.O.Box 29677, Suite 2001, Festival Centre, Dubai Festival City DubaiTel: +9714 701 4100Fax: +9714 701 4119Mr. Nick Noorenwww.lr.org

LyondellBasellP.O. Box 293611, Building 6A (East Wing)Office 619, Dubai Airport Free ZoneDubaiTel: +971 4 2045 970Fax: +971 4 2045 969Mr. Mitchell Killeenwww.basell.com

Malaney Industries FZEP.O. Box 41878, 2 F 38A, LOB 2, Hamriyah Free ZoneSharjahTel: + 9716 5263840Fax: + 9716 5263841Mr. A. S. Poojarywww.malaney.com

Masdar-Abu Dhabi Future Energy CoP.O.Box: 54115, Abu DhabiTel: 9712 653 3333Fax: 9712 653 5002Ms. Ghada Ayyashwww.masdar.ae

MEGlobal International FZEPost Box 293615, Building 5W-B-Wing, 6th Floor, Dubai Airport Free Zone Authority DubaiTel: + 971 4 2923999Fax: + 971 4 2923911/12Dr. Ramesh Ramachandranwww.meglobal.biz

Methanex Middle EastP. O. Box 309010Fortune Tower, Office 205,Jumeirah Lakes TowersDubaiTel: +971 4 438 0299 Fax: +971 4 438 0240Mr. Bryan Saunderswww.methanex.com

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68

Annual Report 2010

Mitsui & Co., Middle East Ltd.Postal Code: 9710, 7th Floor East Wing, DIFC Gate Building, DubaiTel: + 971 4 425 0826Fax: + 971 4 3686663Mr. Tomohisa Kitamurawww.mitsui.co.jp/en

NCC Odfjell Chemical Tankers JLTP.O. Box: 214459, Liwa Heights,3101-3104Jumeirah Lakes Towers, DubaiTel: 971 4 4401713Fax: N/AMr. Erik Nilsenwww.odfjell.com

Noble ResourcesP. O. 123943, 2301, REEF TowersJumeirah LAKE Towers, DubaiTel: + 971 4 4476410Fax: +91 22 6716 8889 Mr. Ashish Tawakleywww.thisisnoble.com

Petrochem Middle EastP. O. Box 23910, 1603 City Tower IISh. Zayed Road, DubaiTel: + 9714 3329192Fax: + 9714 3329200Mr. Yogesh Mehta; Mr. Venu Nayar; Ms. Binu Pradeepwww.petrocheme.com

Polychem Resins International Industries LLCP.B. No. 37029, Jebel Ali Industrial AreaDubaiTel: + 9714 8801662Fax: + 9714 8801866Mr. C.S. Chatterjeewww.polycheminternational.com

Purvin & Gertz IncP.O.Box: 345009,Dubai International Academic City, Building 10, 3rd Floor, DubaiTel: 9714 4370 388/9Fax: 9714 4370 390Mr. Michael E. Sarnawww.purvingertz.com

Rakha Al Khaleej Intl. LLCP. O. Box 55157, DubaiTel: + 9714 3977999Fax: + 9714 3972555Ms. Barkha Ahujawww.rai-uae.com

SAP Middle East & North Africa LLCP. O. Box 118353, 16th Floor, Arenco Tower,Sheikh Zayed Road, DubaiTel: + 971 4 4407 222Fax: + 971 4 4407 333Mr. Steffen Reisacherwww.sap.com

Schmidt + Clemens Middle East DMCCP.O. Box 211943, Office 10E, 1oth Floor, Jumeirah Lake Towers Area, Dubai, DubaiTel: +9714-4328385Fax: +9714-4328384Mr. Divyanshu Mehtawww.schmidt-clemens.com

Shell Chemicals ArabiaP.O. Box 307, 1403, City Tower 2, Sh. Zayed RoadDubaiTel: +9714 3035289Fax: +9714 3321597Mr. Aslam Moolawww.shell.com/chemicals

Stolt-Nielsen Transportation GroupP.O. Box 8612, API Tower, Sh. Zayed Road DubaiTel: + 9714 3328444Fax: + 9714 3328555Mr. Atle Sebjornsenwww.sntg.com

Stratley AG (Dubai Branch)P.O. Box: 24459, 7/F, The Fairmont, Sheikh Zayed Road, DubaiTel: +971 (0)4 312 49 51Fax: +9714 312 4953Mr. Oliver Gawadwww.stratley.com

TenCate Grass Middle EastTechno Park, Jebel Ali, DubaiTel: +97148038111; +97148103222Fax: 9714 803 8223Mr. Marc Verleyenwww.tencate.com

United Arab ShippingP.O. Box 55586, DubaiTel: + 9714 2952227Fax: + 9714 2954026Mr. Waleed Al Dawoodwww.uasc.net

UOP Middle East Co.P.O. Box 9248, 25th Floor World Trade CentreDubaiTel: + 9714 3313841Fax: + 9714 3317033Mr. Raza Jawadwww.uop.com

Vopak Middle East B.V.P. O. Box 119448, Office 2, 1st FloorEmaar Business Park, Building No. 2Sheikh Zayed RoadDubaiTel: + 9714 3618301Fax: + 9714 3618302Mr. Ian Cochranewww.vopak.com

wacker Chemicals Middle EastP. O. Box 341071, Dubai Silicon OasisDubaiTel: 9714 7099999Fax: 9714 7099911Mr. Stefano Iannacone/ Ms. Irma Villanueva www.wacker.com

UNITED KINGDOM

Air Products PLCHersham Place Technology ParkMolesey Road, Walton on Thames, Surrey KT12 4RZ Tel: 44 01932 249200Fax: 44 01932 249565Ms. Suzanne Lowewww.airproducts.com

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69

Annual Report 2010

Clarksons PLCSt. Magnus House, 3 Lower Thames Street LondonTel: + 44 2073343092Fax: + 448704601517Mr. Patrick Curry www.clarksons.com

Euro Petroleum Consultants44 Oxford Drive, Bermondsey StreetSE1 2FB LondonTel: 44 2073578394Fax: 44 2073578395Ms. Tamimah Dhaherwww.europetro.com

ICISQuadrant House, The QuadrantSutton SM25ASTel: 44 208 652 3345Fax: 44 208 652 3929Mr. Richard Haddrell www.icis.com

INEOSHawkslease,Chapel Lane, LyndhurstHampshire SO437FGTel: 447787625866Fax: 442380287206Mr. David A. Thomaswww.ineos.com

KPMG LLPPostal Code: E14 5GL15 Canada Square, Canary WharfLondonTel: + 44 207 311 1000; +44 7880 828330Fax: N/AMr. Paul Harnickwww.kpmg.com/chemicals

Nexant Chem Systems161 Hammersmith Road, W 6 8BSLondonTel: +442079501600Fax: +442079501550Mr. Alastair Hensmanwww.chemsystems.com

Tecnon Orbichem Ltd12 Calico House, Clove Hitch QuayPlantation Wharf, London, SW11 3TNLondonTel: 44 7924 3955Fax: 44 20 7978 5307Mr. Roger Leewww.orbichem.com

UNITED STATES OF AMERICA

Chemtex International 440 N Wolfe Road Sunnyvale, CA 94085Tel: + 1 408 524 7474Fax: + 1 408 524 7470Mr. Rigoberto Coboswww.chemtexintl.com

Chemwatan LLC4615 Post Oak Place, Suite 145, Houston, TX 77027, USA404 AlMada Center, Riyadh, KSAHouston, TexasTel: + 966 1 2011224Fax: + 966 1 2013005Mr. Migul Ferreres; Mr. Mohammad Shamsanwww.chemwatan.com

Dewitt and Company Inc.15333 John F. Kennedy BlvdSuite 850, HoustonTel: + 441642713702Fax: + 001 2818787210Mr. Joe Duffywww.dewittworld.com

Exxon Mobil Chemical Company13501 Katy FreewayCORP-EMCC-W1-372Huston, Texas 77079Tel: +1 2818706075Fax: +1 2815884772Ms. Kathryn S. Ryanwww.exxonmobilchemical.com

Packwell Inc10016 Porter Road, La PorteTexas 77571Tel: 281 842 5900Fax: 713 247 9527Mr. Jaleel Ispahanywww.packwell.com

SRI Consulting (part of IHS Co.)4300 Bohannon Drive, #200Menlo Park CA 94025Tel: +1 650 384 4348; + 1 6503844352Fax: +1 650 396 0162Ms. Susan Wright; Mr. John Pearsonwww.ihs.com; www.sri.com

Third Coast ChemicalsTX 77581, 1871 Mykawa, PearlandTexasTel: +12814122888Fax: +12819975079Mr. Martin Staleywww.3cchemicals.com

TPC Group Inc5151 San Felipe St, Suite 800Houston 77056, TexasTel: +713 627 7474Fax: 713 475 5208Mr. Charles Shaverwww.tpcgroup.com

Vinmar International Ltd. 16800 Imperial Valley Drive Suite 499, Houston 77060Tel: + 1 281 618 1300Fax: +1 281 448 4474Dr. Serge Vermawww.vinmar.com

End of Dec 2010

Associate Members

70

Annual Report 2010

ContactsGPCA Staff

Dr. Abdulwahab Al-SadounSecretary General

sadoun@gpca.org.ae

Ashraf NAdministratin & Finance Officer

ashraf@gpca.org.ae

Ramiz Fu’ad HaddadinMembers & International Relations Manager

ramiz@gpca.org.ae

Wesam J IssaIT & Website Officer

wesam@gpca.org.ae

Gaurav PaulConventions & Events Manager

gaurav@gpca.org.ae

Tahir Jamal QadirDirector Responsible Care

tahir@gpca.org.ae

Dima Al-HoraniCommunications & Marketing Officer

dima@gpca.org.ae

Ms Nazia SartarazHR Officer

nazia@gpca.org.ae

Sudhir Thomas PanickerCommittee Manager

sudhir.thomas.panicker@gpca.org.ae

P.O. Box: 123055, Dubai, United Arab EmiratesBusiness Bay, Executive Towers, Tower D (Aspect), Floor 7, Offices 705, 706Tel: +971 4 451 0666, Fax: +971 4 451 0777email info@gpca.org.aewebsite www.gpca.org.ae