Heads in the sand?

Richardson, John
January 2008
ICIS Chemical Business;1/7/2008, Vol. 273 Issue 1, p20
Trade Publication
The article reports that optimism over Asia's booming economy has caused many in the chemical industry to ignore overcapacity concerns and a pending environmental disaster. India is the subject of enormous optimism. Per capita plastics consumption is only 4kg compared with a global average of around 40kg. But the consensus now is that consumption could easily, triple to 12kg over the next few years. The year ahead could see an increase in Chinas naphtha deficit as priority is given to meeting gasoline demand over providing feedstock for petrochemicals.


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