World petrochemical demand will strengthen by 2000- if economy rebounds

Despite the maturation of the petrochemical industry, the world and regional petrochemical demands are surprisingly strong. If the Asian financial crisis does not worsen and a worldwide economic rebound begins by 2000, 5% or more annual growth rates are possible. These are the opinions of Ralph Hoag, SRI Consulting, Menlo Park, Calif., presented at a Chemical Management & Resources Association meeting, Ponte Vedra, Fla., in October. Hoag predicted that the future petrochemical industry will be dominated by companies focused on global markets. Examples include Methanex Corp. for methanol, Amoco Corp. for purified terephthalic acid (PTA), Montell Polyolefins Co. NV for poly propylene...

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