With regular talk of a crunch in the carbon dioxide (CO2) supply chain, it’s perhaps little surprise that 2016 seems to have been dominated by new capacity additions and supply agreements.
Economic modernisation, the arrival of the multinationals, and the emergence of new industrial gas applications are driving change in the Middle East market.
Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of the Kingdom of Bahrain, has announced its successful acquisition of a minority equity stake in Gulf Cryo.
Gulf Cryo and EQUATE Petrochemical Company joined forces to create the first commercial carbon dioxide (CO2) plant in Kuwait, which has now officially been inaugurated.
Despite various examples of political upheaval in the region and economic headwinds across the globe, the future remains bright for the Middle East and North Africa (MENA) industrial gases market.
Amec Foster Wheeler has predicted a strong future for the Kuwaiti oil and gas sector, hailing innovation and efficiency as the watch words for progress.
Gulf Cryo Holding KSCC has announced that the company value has been boosted by 50% with the injection of paid-up capital from capitalisation of voluntary reserves and retained earnings, as agreed by the owners.
