Expansion Of The Middle East Petrochemical Industry Will Lead To Shock Wave Swept Through Asia
In recent years, countries have been uneasy eye on the Middle East
, the potential impact of expansion of the petrochemical industry, but on the Chinese market in 2009, the Middle East region from the relatively limited impact. But on April 6 ~ 8, information from the CBI held in Shanghai Forum 2010, China's petrochemical industry, the experts said that large-scale Middle East petrochemical production capacity will be concentrated this year, released to the downstream industry chain is also extending strong shock wave will sweep the whole of Asia including China market.China Petrochemical Corporation chief expert Shu Zhaoxia Economic Research Institute pointed out that China's petrochemical market supply gap getting smaller and smaller, but more and more products from the Middle East, and is gradually extended to the family from ethylene propylene series, will China's local enterprises have a greater impact. Iran's petrochemical products on the impact of China's petrochemical industry may be greater than Saudi Arabia, as Iranian products to Europe as Saudi Arabia to facilitate its exports, will focus the Asia-Pacific markets, particularly China. With Iran's petrochemical production capacity of large-scale centralized production, the 2010 Middle East products on the Chinese market, will highlight the impact of Chinese enterprises for Glycol, polypropylene, polyethylene, a high degree of attention to the import trend, ready to adjust the marketing strategy. But she also stressed that Iran has its own disadvantages, such as lack of skilled workers, equipment and technology obsolescence, the domestic petrochemical industry need not be too pessimistic.
ICIS Company of India Regional Manager Lan (MaliniHariharan) that the development of petrochemical projects in the Middle East have the space, but the business environment is continually changing, as crude oil production cuts led to the joint natural gas production declined, and production and life significant increase in consumer demand, the Middle East an increasingly tight natural gas supply to the situation, which led to instability in downstream production units started. In addition, many projects are launched in the market peak, in the design and construction will inevitably lower the standard, the introduction of new technology there are obstacles.
Malini said, in the face to create more pressure on employment opportunities, some Middle East governments are urging companies to develop downstream industry chain, which is noteworthy trends. These new projects are no longer limited to polyethylene, polypropylene and ethylene glycol, also includes polycarbonate, ethanolamines, ethylene-propylene rubber, methyl methacrylate (MMA), caprolactam, acrylic acid, superabsorbent composite and downstream products such as nylon 6. She said with certainty: "In view of the ongoing investment projects, the Asian manufacturers will soon be able to see more diversity from the Middle East exports."
Expansion Of The Middle East Petrochemical Industry Will Lead To Shock Wave Swept Through Asia
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