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Markets :: Basic Chemicals :: Petrochemicals :: Styrene
CMAI: Mideast Olefins Excess Starting to Head West
1:19 AM MDT | April 29, 2009 | Alex Scott in Doha
The chemicals industry is at a turning point in the global supply of olefins as this will be the first year that olefins production from the Middle East cannot be absorbed by China, Darren Smith, a partner with consulting group CMAI (Houston), told delegates at Süd-Chemie’s “Defining the Future Conference” in Doha earlier today. Middle East olefins production-featuring ethylene and its derivatives-that is not absorbed by China will first find its way to European as well as some Asian markets, Smith says. “It’s a...
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