17 May 2007 06:47 [Source: ICIS news]
TAIPEI (ICIS news)--The financial impact of a supply glut of ethylene in Asia with capacity expected to increase by 40m to 50m tonnes over the next decade could be softened by delays to projects in the Middle East and material redirected to Europe, said a Japanese expert on Thursday.
Project delays in ?xml:namespace>
"There are not many projects happening in
"I presume a portion of the ethylene [from Middle East and Asia] will go to
The delays could prop up operating rates at crackers ensuring they did not fall below 87% capacity and that might cushion some companies from the industry downcycle expected in 2010, said Yoneyama.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|