APIC 2008: Overcapacity, Climate Change Are High on the Agenda

Climate change, high oil prices, escalating engineering and construction costs, and overcapacity were the topics debated by the 1,229 delegates attending the 2008 Asia Petrochemical Industry Conference (APIC), held in Singapore last week. Photo opportunity: Petrochemical industry leaders of APIC member countries line up in Singapore. The global petrochemical industry is on the cusp of a downturn prompted by 9 million m.t./year of ethylene and 4 million m.t./year of propylene capacity that are scheduled to come onstream in the Mideast in 2008-09, said Steve...

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