Asian petroochem demand to rise

April 2008
Chemical Business;Apr2008, Vol. 22 Issue 4, p94
Trade Publication
The article reports on the statement released by Saudi Basic Industries Corp. (SABIC) that demand for petrochemicals in Asia is expected to surpass the combined needs of the U.S. and Europe. According to SABIC chief executive Mohamed al-Mady, petrochemicals producers in the Middle East, where inexpensive access to energy encouraged huge investment in the industry, will benefit from the anticipated demand surge. He adds that growth in global demand was a catalyst for growth in such industries, particularly in China and Pacific Asia.


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