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EPCA 2012: Demand shifts east as capacity heads west

9:08 AM MDT | October 12, 2012 | Ian Young in Budapest

Eramo: Cheap gas is creating wave of investment. The geographic balance of demand in the global petrochemical market will continue to shift from Western Europe and North America to fast-growing economies in Asia/Pacific and particularly China for the rest of this decade, says Mark Eramo, v.p. at IHS Chemical. Speaking at the IHS Chemical Market Seminar on the occasion of the 46th European Petrochemical Association (EPCA) annual meeting, held last week in Budapest, Eramo said that the eastward shift in demand would be accompanied by an equally significant shift in...

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