CERI: Asian economy poised for petrochemical market growth

The growing Asian economy, led by China, offers major market opportunities for petrochemical producers, said Andrew Swanson, vice-president, petrochemicals, for Nexant Inc., San Francisco, at a Canadian Energy Research Institute (CERI) conference June 7 near Calgary.Swanson said the rapidly expanding Chinese economy is a major opportunity and a token of Asia's new power. But the Indian economy also has opened up dramatically in the past decade, although it is still not as attractive as China. He said the Japanese economy remains stagnant, but Asian economies as a whole have grown at an average rate of 5-6%/year.China is now the world's largest importer of chemicals and polymers, S...

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