07 December 2010 17:00 [Source: ICIS news]
BRUSSELS (ICIS)--Europe’s chemical sector should return to pre-crisis levels by 2012 provided there are no further shocks to the economy, a leading ?xml:namespace>
“Provided we don’t get any more big road blocks and we continue going at a steady rate I think we should see a full recovery some time in 2012. That won’t be true of every sector or every single country but on aggregate,” Alan Eastwood, economics advisor to the
Speaking in a personal capacity on the sidelines of European trade group Cefic’s economic outlook meeting in
"So far we haven’t seen major volumes of production coming into
"I have seen some suggestions that the overhang of petrochemical capacity was over-exaggerated and that we will be able to absorb what is coming on stream without too much devastation.
"I’m sure as long as the oil price stays high and those folks have a lot of money coming in they’re going to want to diversify and make the most of their raw materials. The question is – where will it all go to? If it goes to
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