25 September 2012 11:14 [Source: ICIS news]
KATHMANDU (ICIS)--Global polyethylene (PE) demand is expected to grow at an average annual pace of 5-6%, largely driven by economic growth in developing countries, a senior executive of Chevron Phillips Chemical (CP Chem) said on Tuesday.
"We see a bright future in Asia," CP Chem Asia president and managing director Jim Becker said at a one-day industry seminar in Nepal.
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"When the lower class moves up [to] the middle class, more plastics will be consumed," he said.
Developed countries like the
"With a low PE consumption per capita and high population growth,
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