09 October 2009 16:43 [Source: ICIS news]
LONDON (ICIS news)--Planned and speculative capacity increases could see north Africa’s petrochemical output surge by around 40-50% by 2020 from current levels, a consultant said on Friday.
North Africa could emulate the growth spurt seen in Latin America and the ?xml:namespace>
With the political situation stabilising within the region and the standard of living improving, north Africa has the potential to become a thriving market over the next decade.
Few foreign players have invested significantly in north Africa over the past few years.
Africa is starting to be of particular interest to companies in
“I think they’re eyeing it primarily with resource availability in mind; they have massive markets themselves but are generally short of the basic feedstocks.
“There’s a long lead time with these investments; you’re not in petrochemicals for a fast buck – but players are starting to look slightly longer term than they did before and at how they can develop local markets.”
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