Middle East Sees More Investments in 'Green' Chemical Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Middle East is home to a large number of facilities that produce much of the world's chemicals--and great amounts of greenhouse gases. Since the region's economy depends heavily on the Chemical Processing Industry, many of its players have pledged to invest billions of dollars over the next few years in green energy production to reduce carbon emissions and achieve higher efficiency.

Some companies are planning to produce green hydrogen as a fuel and as a feedstock for green ammonia production. Industrial Info is tracking 20 such projects in the region, worth more than $28 billion altogether, and more announcements are expected in coming years. Oman leads in investments with $18.8 billion, followed by the United Arab Emirates (UAE) with $3.45 billion and Egypt with $2.2 billion.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of related projects.

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