27 March 2011 22:26 [Source: ICIS news]
Correction: In the ICIS story headlined "ExxonMobil mulls Fujian, China JV expansion - president" dated 27 March 2011, please read in the fourth paragraph ...ExxonMobil and ?xml:namespace>
“We are running at nameplate and all the capacity is being absorbed,” he added.
“We retain a very positive view on the outlook for petrochemicals and polymers, and expect over 5%/year growth over the next decade for polyethylene, polypropylene and paraxylene,” said Pryor.
“Much of the growth will be driven by developing markets. We see some very good fundamentals there,” he added.
In 2010, Asia was able to absorb all the new petrochemical and polymers capacity that came on line in the
“The fundamentals on a global basis look favorable with good demand and not a lot of new capacity,” said Pryor.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
Additional reporting by John Baker and Nigel Davis
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