Recovery widespread for petrochemicals

The petrochemical and plastics industry "remains on the road to recovery," with a potential return to profitability in 2001 as its global surplus is absorbed, said Gary K. Adams, president of Chemical Market Associates Inc., at the firm's recent World Petrochemical Conference in Houston.That recovery is being driven by increased demand from an expanding world economy that "can continue indefinitely" if someone doesn't mess it up, said Arved Teleki, CMAI's chief economist."At the dawn of a new decade and of a new century, the state of the world economy is good. The outlook for the next 5 years is excellent," Teleki said.However, he cautioned, "Economic expansions do not die of ...

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