Latest news with #GPIC
Zawya
18-05-2025
- Business
- Zawya
Beyon Solutions team visits GPIC
Manama, Bahrain: Beyon Solutions, part of the Beyon Group, recently visited GPIC (Gulf Petrochemical Industries Company) for a high-level workshop which underscored a shared commitment to accelerating digital innovation and sustainable industrial practices in the Kingdom of Bahrain. The Beyon delegation, led by Nicholas Toon, CEO of Beyon Solutions was welcomed by Eng. Yasser Alabbasi, CEO of GPIC and members of the executive and senior management team at GPIC. The meeting included a view of GPIC's ongoing efforts in digital transformation, automation of industrial operations, and environmental initiatives. Accordingly, the visit also included a tour of GPIC's production facilities and Academy for Leadership and Learning to explore collaborative opportunities focusing on the adoption of AI, smart factory capabilities, and advanced environmental monitoring technologies, aimed at enhancing operational efficiency and driving sustainable outcomes. Reflecting on the visit, Beyon Solutions CEO Nicholas Toon commented, 'We appreciate the opportunity to visit GPIC and discuss topics of mutual interest, reflecting a shared alignment on the importance of digital innovation and environmental responsibility.' 'This initiative, which is an important first step in identifying synergies and future opportunities, forms part of our broader plans to engage with key national industries, aiming to foster collaboration on digital transformation through implementing evolving technologies such as AI, cloud computing, IoT, and data solutions specifically tailored for application in heavy industry.' Speaking following the visit, GPIC CEO, Eng. Yasser Alabbasi said, 'We were delighted to welcome the delegation from Beyon Solutions and thank the team for the insightful discussions towards a strategic partnership between our entities. We firmly believe in the importance of keeping pace with the latest technological advancements and see tremendous potential in leveraging Beyon Solutions' capabilities in applying AI and smart technologies designed to transform industrial operations. We look forward to exploring these possibilities for future collaboration with such a forward-looking partner.' The high-level meeting between the two prominent organisations serves to deepen cross-sector collaboration in support of Bahrain's national digital agenda and the development of future-ready industrial ecosystems. FOLLOW US: Instagram: LinkedIn: ABOUT BEYON SOLUTIONS: Beyon Solutions, a subsidiary of the Beyon Group, is an IT and digital transformation consultancy offering cutting edge system digital technology solutions tailored to meet the needs of high demand of businesses of all sizes across the Middle East. Beyon Solutions capitalizes on its solid partnerships with leading global Technology to combine technical expertise with a strategic approach to delivering solutions that drive operational success and connectivity. For more information, please visit
Daily Tribune
17-03-2025
- Business
- Daily Tribune
GPIC reaffirms commitment to petrochemical industry at 47th Annual General Meeting
Gulf Petrochemical Industries Company (GPIC) reinforced its commitment to supporting and developing the petrochemical sector in Bahrain and the wider region during its 47th Annual General Meeting. The meeting was chaired by Kamal bin Ahmed Mohammed, Chairman of the Board. At the outset, the Chairman expressed deep gratitude for the unwavering support of the Nation's wise Leadership, Dr. Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, as well as the contributions of the company's shareholders and their representatives. Representatives of the shareholders—including Bapco Energies from the Kingdom of Bahrain, SABIC Agri-Nutrients Investment Company from the Kingdom of Saudi Arabia, and Petrochemical Industries Company from the State of Kuwait—commended GPIC's performance. Strong operational performance in 2024 Operational excellence was a key driver of GPIC's success in 2024, with all three production plants exceeding budget expectations: urea by 3.81%, ammonia by 1.21%, and methanol by 0.82%. Equipment upgrades, enhanced production systems, and innovative solutions helped the company achieve a total output of 1.7 million tonnes of ammonia, urea, and methanol, of which 1.2 million tonnes were exported via 63 shipments. These achievements contributed to a net profit of $74 million for the year while maintaining strict cost controls without compromising safety, health, training, or production efficiency. Sustainability and corporate recognition GPIC received several prestigious awards at local, regional, and international levels in 2024, including the HR Summit Award for Best CSR Practices. A major sustainability initiative was the installation of solar panels on parking facility rooftops within the complex, expected to generate 1,072 MWh annually, supporting energy sustainability and reducing the company's carbon footprint. Additionally, GPIC expanded its Mangrove Tree Plantation project, planting over 100,000 mangrove trees to align with Bahrain's national carbon neutrality goals. Acknowledging contributions and future outlook CEO Yasser Al Abbasi praised the dedication of the executive management and employees, crediting their efforts for GPIC's continued success. The 47th Annual General Meeting was attended by Dr. Osama Al-Rais from Bapco Energies representing Bahrain, Ms. Hanadi Ahmed Al-Sindi from Kuwait's Petrochemical Industries Company, and Mr. Iyad Abdulaziz Al-Shaiban from SABIC Agri-Nutrients Investment Company in Saudi Arabia. During the meeting, shareholders approved the distribution of partial dividends, the Board of Directors' report on the company's activities for 2024, and the external auditor's report.
