Talking at the B20 Summit in São Paulo, Abdulrahman Al-Fageeh also said it is possible to extract more chemical residues from plastic raw materials and expand recycling.
Browsing: chemicals
At a seminar on exports, an Arab Brazilian Chamber executive announced a mission to prospect business for the Egyptian chemical industry in Brazil this year.
The Brazilian company will increase its department of Specialty Chemicals by 10%, and the additional will serve primarily to meet the demand from the Arab countries. Nitrocellulose is one of the company’s main products.
Fertilizers and inputs were the most imported chemicals to Brazil in October, at 21% of total imports.
Year-to-date, imports were down 12.6% in February and 5.8% year-to-date through February.
Brazil purchased 47.6 million tonnes, up 5.4% from a year before. Fertilizers were the main item imported.
Brazil’s imports from abroad grossed USD 37.6 billion year-to-date through October.
Brazil’s purchases of chemical products came out to USD 4.5 billion in the July, a significant increase from June.
Purchases of chemical products from other countries came out to USD 20.4 billion in the first half of the year, up 6% year-on-year.
Foreign purchases reached USD 3.6 billion in January, a growth driven by more purchases of fertilizers feedstock.
Purchases of chemical products reached USD 15.6 billion from January through May in Brazil. The trade deficit is causing concern in the local industry.
Purchases declined by 10.1% in the four months through April, industry association Abiquim said. Imports also slid.
