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IHS WPC 2014: Lack of resources limits Asia's olefin output potential

11:55 AM MDT | March 31, 2014 | Francinia Protti-Alvarez

Asia will remain the center of olefins demand growth at least in the foreseeable future. The region accounts for 3.9 billion, or 55%, of the world’s potential chemical and polymer consumers. Asia, as a result, is responsible for much of the investment in new olefins capacity. But  Asia is resource poor, and so it is mainly "defensive on the supply curve," said Tony Potter, v.p., Asia/Pacific at IHS Chemical in a presentation at the IHS World Petrochemical Conference (WPC), held recently in Houston. Asia holds less than 3% of the world's oil...

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