European Petrochemicals

Petrochemical demand started to recover gradually in the second half of 2009 as consumption increased strongly across the globe. Demand slowed in North America and Asia after the first quarter but has remained strong in Europe, executives say. “In the course of the second quarter of 2010, demand stagnated in North America and Asia,” says Rainer Diercks, president of BASF’s petrochemicals division. “Only in Europe did demand remain strong.” European olefins producers continue to run plants hard to stay competitive. Ethylene demand is...

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