North America's shale boom a threat for GCC fertilizer producers - The National

North America's shale boom a threat for GCC fertilizer producers - The National:

"North American shale gas threatens to erode a core market for the Arabian Gulf's fertilizer industry, warned an industry association.

GCC members export half of their fertilizer production abroad, and North America is their second biggest market after Asia with orders totalling 1.7 million tonnes a year.

Those trade flows could shift against the region's favour as North American competitors take advantage of cheap raw materials unlocked by fracking, said the Gulf Petrochemicals and Chemicals Association, an industry group based in Dubai."

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