World News and Views :: Projects
10:08 AM MDT | July 26, 2007 | Kate Phillips
The Mideast has surpassed China in the last couple of years as the “hot spot” of foreign investment in new petrochemical facilities, consultants say. The Mideast now commands some 61% of the $40 billion-$50 billion now spent worldwide on ethylene projects, says Paul Bjacek, head/global chemical research at Accenture (Houston). China is a distant second, capturing 12% of those dollars, and the rest of Asia rounds out the top three, with 16%, Bjacek says. More than 30 million m.t./year of ethylene capacity will be added in the Mideast by 2012-13...
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