Total is ‘Well-Positioned’ for Coming Downturn

The petrochemical industry is following a downward trend due to weaker-than-expected markets in 2008, marked by high feedstock costs, lagging polymer prices, excess capacity, and overall poor economic conditions, Bernard Claude, president and CEO of Total Petrochemical USA told attendees in a keynote address at CW’s Global Forecast Conference, held in New York late last month. For example, it will take 3-5 years for global ethylene demand to match excess capacity coming online in 2008-10 in the Mideast and Asia, “unless there are closures,”...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers