26 October 2012 20:35 [Source: ICIS news]
HOUSTON (ICIS)--More petrochemical plants in ?xml:namespace>
I think there will be some industry capacity rationalisations, but I don't think there will be anything extreme," said Jim Gallogly, chief executive of LyondellBasell.
He made his comments during an earnings conference call.
"At this point margins are basically break even," he said. "There is obviously some pain in the industry, but everybody is working hard to reduce costs and try to address the issues that way."
Earlier this week, Dow CEO Andrew Liveris also said
“What we are going to see in the next five years in
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