GPIC meaning in Business ?

Gulf Petrochemical Industries Company (GPIC) is the only petrochemical producing company headquartered in the Kingdom of Bahrain and sells its products both locally and exports to other gulf countries and beyond, including U.S., China, India, Pakistan among others.

GPIC is jointly owned by three major governmental institutions, namely, the National Oil and Gas Holding Company (NOGA Holding) from the Kingdom of Bahrain, SABIC Agri-nutrient Investments from the Kingdom of Saudi Arabia, and Petrochemical Industries Co. (PIC) from the State of Kuwait.

Established with a paid up capital of $160 million, the Company employs 444 people of whom 92% are Bahrainis and considers its national employees its true asset and continuous catalyst for all of its international, regional and local achievements.

Its operations that involve natural gas purchases, employment and training of Bahraini nationals, utilization of local contractors, power consumption and other financial and commercial operations inject around $270 million annually into the national economy. GPIC uses natural gas which is available locally, as a basis for the production of ammonia, urea and methanol, which are its sole products.

GPIC strives to protect the environment through many environmental initiatives such as a fish farm, bird sanctuary, palm tree plantations and herbal garden that have been established on site, among others. Also, to manage the greenhouse gas emissions, the Middle East’s first carbon dioxide recovery plant was commissioned at GPIC in 2010. It has the capacity to capture 450 metric tons of carbon dioxide per day from the reformer flue gases to improve its carbon foot print.

GPIC has a robust and internationally recognised Safety, Health and Environmental Management System. The company has won many accolades including the Sir George Earle Trophy from RoSPA, UK and the R.W. Campbell Award from the National Safety Council, USA for excellence in HSE management systems. Through these effective management systems, the company has received many accreditations including ISO 9001, ISO 14001 and ISO 18001. These management systems have been fully integrated into our every-day operations. GPIC is also certified in ISO 27001 which deals with information security and has voluntarily embraced Process Safety Management (PSM) at its facilities.