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People & Business :: Energy and Feedstocks
1:45 PM MDT | July 30, 2007 | Natasha Alperowicz
The Mideast—principally the Gulf Cooperation Council (GCC) member states, as well as Iran—has over the past three decades built a formidable chemical industry, and is today the biggest producer and exporter of basic petrochemicals. Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) continue to attract regional and overseas investors looking to establish manufacturing facilities based on cheap feedstocks and in close proximity to the emerging markets of Asia, particularly China and India. More than 30 million m.t./year of ethylene capacity...
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