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Regions :: Southeast Asia :: Singapore
China to Drive Demand Growth for Naphtha through 2015
11:07 AM MDT | August 24, 2010 | Alex Scott
Global demand for naphtha will grow significantly between 2010 and 2015 in the Asia Pacific, led by a 4% increase in demand from China’s petrochemical sector, according to research by Energy Security Analysis (ESAI; Wakefield, MA), an analyst firm. Vivek Shankar Mathur, associate MEA Oil and head of petrochemicals for ESAI, predicts a structural shift in Asian naphtha demand increasing to 4.3 million/b day 67% of global demand by 2015, up from 63% in 2010. “The key driver for this demand growth will be the dramatic expansion of...
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