The Intercontinental Flow of Products Is Starting to Change

The large volumes of petrochemical manufacturing capacity starting up in the Middle East over the next four years will have a major impact on intercontinental trade flows. Much of the new capacity will be exported, mainly to Asia, but substantial volumes will head for Europe and North America. This will create longer supply chains as increasingly large volumes of petchems are transported over greater distances from feedstock-rich countries to markets on other continents. Extended supply chains present a number of challenges for producers and consumers, as well as...

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