30 September 2007 11:50 [Source: ICIS news]
Indian demand is currently around 500,000 tonnes/year. Demand for acetic acid is linked to growth in gross domestic product, which is strong, he said on the sidelines of the European Petrochemical Association (EPCA) meeting.
The Indian market has not developed in part because of a lack of availability of end-use products, he said.
“Indians will only paint if you put paint in the shops,” Robinson added.
The company hopes to announce by early 2008 that it has established a partnership to build a plant in
“It was clear if we want to be a part of that market, we need to act now,” Robinson said.
The plan is in line with BP’s global growth plan to establish itself as a market leader in acetic acid. The company expects to move people into
The BP group has a total workforce of about 1,400 people in
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