Global Petrochemical Markets To Get Tougher

World petrochemical demand [32,336 bytes] Additions to world capacity [30,741 bytes] Petrochemical surplus capacity, utilization [31,973 bytes] The global petrochemical industry faces surplus capacity, declining profits, and stiff competition in the near term. That's the view of Chemical Markets Associates Inc. (CMAI), Houston, presented by CMAI Pres. Patrick E. Baggett at an international petrochemical conference sponsored by Calgary-based Canadian Energy Research Institute this summer (OGJ, June 30, 1997, Newsletter). Baggett noted that there are opportunities for companies that sharpen their competitive edge and exploit a shift in the trends f...

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