The joint venture is equally owned by the Oil & Gas Holding Company B.S.C. (c) (nogaholding) in the Kingdom of Bahrain, SABIC Agri-Nutrients Investment in the Kingdom of Saudi Arabia, and Petrochemical Industries Co. (PIC) in the State of Kuwait.
GPIC uses natural gas which is readily available in Bahrain as a feedstock for the production of ammonia, urea and methanol. In addition to the production plants, the GPIC Complex, which was built in Sitra on a reclaimed area of 60 hectares, comprises utilities plants, maintenance workshops, offices, stores and laboratories.
The company has a Board of Directors comprising representatives of the three shareholding states. The Board of Directors is chaired by H.E. Eng. Kamal Bin Ahmed Mohammed. The company's Executive Management is led by Mr. Yasser Abdulrahim Alabbasi, Chief Executive Officer.
GPIC considers itself a role model in the protection of the environment and was the first industrial company to use practical demonstration projects to verify the environmental credentials of its operations. A fish farm, bird sanctuary, palm tree plantations and herbal garden have been established at the GPIC site.
The challenges of regional and global climate change have always been at the forefront of GPIC’s strategies. It was with this key focus and, to manage green-house gas emissions, the Middle East's first Carbon Dioxide Recovery (CDR) plant was commissioned at GPIC in 2010. The unit captures 450 metric tonnes of carbon dioxide per day from the reformer flue gases and has substantially improved the carbon footprint.
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 ISO9001 (QMS), ISO14001 (EMS), ISO45001 (OH&S), ISO27001 (ISMS), ISO50001 (EnMS), ISO22301 (BCMS), ISO17020 (IQMS), ISO17025 (LCQMS), RC14001 (RCMS), and PAS99 (IMS). Also, GPIC has voluntarily embraced Process Safety Management (PSM) at its facilities.
The company is a significant contributor to the national economy of Bahrain in its activities, represented by natural gas purchases, employment and training of Bahraini nationals, utilisation of local contractors, power consumption and other financial and commercial operations. GPIC injects around US$271 million annually into the economy.