17 May 2007 12:16 [Source: ICIS news]
TAIPEI (ICIS news)--Middle East petrochemicals companies should focus more on intermediates and specialties as the global basic chemical markets are becoming saturated, said Ed G Gartner, SRI Consulting’s assistant director of world petrochemical programme.
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However, the shift from basic to intermediate and specialty chemicals could present many hurdles, such as more complicated plant configurations, logistics and transportation, failure to start up new plants on time and on budget, higher capital investments and lower return on investment, said Gartner.
“The Middle East petrochemical strategy looking forward is different from looking back,” he added, noting that overall project costs in the region have increased dramatically, and traditional key markets such as
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