06 March 2012 20:45 [Source: ICIS news]
HOUSTON (ICIS)--There will be a significant need for non-petroleum alternative fuels in order to keep up with future energy demands, an executive with US-based Celanese said on Tuesday.
Steven Sterin, chief financial officer and president of advanced fuel technologies at Celanese, said the world’s population will grow by over 2bn in 25 years, with significant growth of the middle class in emerging regions.
“We believe an all-of-the-above approach is necessary,” he said. “We need many companies and many technologies to be successful keeping prices and supply at a level that will allow this middle class to emerge.”
Sterin spoke during a panel discussion at the IHS CERAWeek energy conference in Houston. The conference ends on Friday.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections