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METI: Global Demand for Petchem Products to Pick Up in Second Half of 2009

6:03 AM MDT | August 28, 2009 | Deepti Ramesh

The Ministry of Economy, Trade, and Industry in Japan (METI; Tokyo) says that according to a study done by the Chemical Division of METI’s Manufacturing Industries Bureau, global demand for petrochemical products is expected to pick up in and after the second half of 2009, as the world economy will see some recovery. The panel studied the trends in global demand for and supply of petchem products such as ethylene and propylene derivatives and aromatic products, up to 2013. There will be notable demand growth in Asia during 2009-2013, where on an average...

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