Dateline City:
Dubai
Driven by U.S. shale competition and changing feedstock mix, investments in technology and integration will help chemical industry diversify, maintain growth and expand job creation
DUBAI (21 April, 2014) – Sometimes, healthy competition is good. For the Middle East refining and petrochemical industry, a changing global feedstock mix and increasing competition in the U.S. driven by the availability of cheaper gas feedstock, is reinforcing previous decisions by Middle East petrochemical producers to continue investing in new technology. The industry is also diversifying its feedback mix and expanding its product slates to include more higher-value intermediates.
Language:
English
