Indian Petrochem 2012: India needs to follow the China model and build additional petchem capacity

The growth of the petrochemicals sector in China is not driven by low cost feedstock, but by being in the middle of the demand center for petrochemicals. India has a cost position similar to that of China, and so, if China can build petrochemical capacity, so can India, Sanjay Sharma, managing director, chemical consulting, IHS Chemical (Dubai) told delegates at the Indian Petrochem 2012 conference at Mumbai, which began yesterday. The conference is being organized jointly by the Chemicals and Petrochemicals Manufacturers’ Association (CPMA) and Elite...

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