EPCA 2012: Petchem demand shifts east as capacity heads west

The geographic balance of demand in the global petrochemical market will continue to shift from Western Europe and North America to fast-growing economies in Asia/Pacific and particularly China, for the rest of this decade, says Mark Eramo, v.p. at IHS Chemical. Speaking at the IHS Chemical Market Seminar, held today on the occasion of the 46th European Petrochemical Association (EPCA) annual meeting, currently taking place in Budapest, Eramo said that the eastward shift in demand would be accompanied by an equally significant shift in the global capacity profile...

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