Monday 30 September 2013

Saudi Gazette - GCC fertilizer industry sees sustained growth

Saudi Gazette - GCC fertilizer industry sees sustained growth:

"A rapidly growing global population and planned capacity expansions are the key drivers for sustained growth for the GCC’s fertilizer producers, said industry experts at the Fourth Annual GPCA Fertilizers Convention held recently in Dubai.

Organized by the Gulf Petrochemicals and Chemicals Association (GPCA), the convention’s keynote speech was delivered by Charlotte Hebebrand, Director General of the International Fertilizer Industry Association (IFA). Hebebrand said “a key driver for fertilizer demand is an expected global population surge”.

“As global population is expected to reach 9.3 billion by 2050, food production will have to increase by 50 percent in the same period,” said Hebebrand. She predicts that the solution to ensuring that people are fed is not only increasing arable land but also increasing the yield of current cultivated land."

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