IHS Chemical Week

Regions :: Middle East

Mideast Capacity to Grow Amid Waning Feedstock Availability

11:28 PM MST | December 6, 2010 | LINDSEY BEWLEY

Ethane availability and feedstock pricing will remain key to the future growth of the Mideast petrochemical industry. With new sources of associated gas waning as oil production plateaus, the region will increasingly look at alternative feedstocks for future projects, market players say. POTTER: Development depends on new feedstock supplies. THOELKE: Consuming regions are the price setters. The Mideast produced about 16 million m.t. of ethane last year, while consuming close to 15 million m.t., or 99% of its ethylene market, say SRI Consulting (SRIC; Menlo Park...

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