30 March 2010 02:50 [Source: ICIS news]
SAN ANTONIO (ICIS news)--LyondellBasell expects to maintain its core polyethylene (PE) export markets in Latin American despite the wave of new capacity in the Middle East, a top executive said on Monday.
LyondellBasell senior vice president of base chemicals and polyethylene Vaughn Deasy said his company has maintained long-term supply arrangements and good relations with customers in Mexico and South America.
The surge in Middle East production capacity would have a “back door effect” of producers there seeking new markets for commodity-grade product, but LyondellBasell’s production of differentiated grades of PE also “adds a degree of protection and insulation” to its markets, Deasy said on the sidelines of the International Petrochemical Conference.
“In 2009 we had a very robust PE export market that was much higher than typical volume,” Deasy added.
Hosted by the National Petrochemical & Refiners Association (NPRA) the International Petrochemical Conference continues through Tuesday.
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