Petrochemicals

The onslaught of Mideast capacity additions that industry players had expected to drive down margins and lower operating rates last year has been slow to materialize. Amid new assets coming onstream and more product flowing into the marketplace this year, petchem players are hopeful that it has taken its first steps on the road to recovery. In North America, lower prices for natural gas and other feedstocks, combined with delays in large Mideast projects, have fostered favorable conditions for producers. Producers expect another challenging year for the...

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