SABIC呼吁石化行业加强协作应对挑战

Core Insights - The petrochemical industry needs to enhance collaboration, including public-private partnerships, to address challenges such as overcapacity, regulatory changes, and technological disruptions [1] Industry Overview - The Gulf Cooperation Council (GCC) is projected to see a 5.7% year-on-year increase in petrochemical production capacity in 2024, reaching 165.4 million tons [1] - The average operating rate of plants is expected to decline from 93.4% in 2023 to 89.5% in 2024, indicating a situation where new capacities are coming online while global demand recovery is slowing [1] - The increase in capacity is primarily attributed to new and upgraded projects in Saudi Arabia and Oman [1] Financial Performance - The total sales revenue of the petrochemical industry in the GCC is forecasted to decrease by 6.5% year-on-year, falling to $80.1 billion in 2024 [1] - Approximately three-quarters of the petrochemical products from GCC member states are used for export, highlighting the region's critical role in the global petrochemical value chain [1]