10 November 2012 23:14 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--The top challenge for Latin America’s petrochemical industry is competing with ?xml:namespace>
“To be competitive with the
Wongtschowski made his comments on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
“Companies need to be more efficient at the plant operation level,” he added.
However, the APLA president sees major opportunities to serve the growing
“In Brazil, where we expect to see GDP growth of 3.5-4%/year in the next few years to translate into 7-8% growth for chemicals, there is huge space for local industry to grow,” said Wongtschowski.
Future petrochemical expansions in Latin America will likely take place mainly in
“I don’t foresee any major production in
“I am sceptical about planned major projects in
He sees this as an opportunity for
“These companies will be in a good position to supply local markets, and Latin American markets,” Wongtschowski said.
The APLA conference ends on Tuesday.
($ = €0.79)
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