Special Report: Asia petchem expansions to 2015 increase demand for naphtha

A wave of ethylene investment will take place in Asia during 2009-11 with distinct peaks in early and late 2009. A wave of aromatics investments will take place in 2008-09.The scale of new petrochemical capacity will support pricing for Asian naphtha through at least 2011 because new ethylene capacity is predominantly naphtha based.Both production and investments in the petrochemical industry have grown significantly in recent years. Investment is taking place predominantly in China, despite easier access to feedstocks, such as natural gas and naphtha, giving Middle East producers a significant competitive edge. Much of this Middle East capacity is furthermore targeting China. By 2015, Ch...

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