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APIC 2010: A Large Chunk of Ethylene Capacity Needs to Be Closed

8:01 AM MDT | May 13, 2010 | Natasha Alperowicz in Mumbai

The global ethylene market is facing oversupply and about 5 million m.t./year of capacity needs to be taken offline permanently during the next three years, delegates at the Asia Petrochemical Industry Conference (APIC), currently taking place in Mumbai, heard today. The capacity under threat is in addition to 3 million m.t./year of ethylene capacity that has already been shuttered, mostly in the U.S., Tony Potter, managing director at CMAI Middle East (Dubai), told APIC delegates. About 1.7 million m.t./year of ethylene capacity needs to be shuttered in...

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