12 November 2012 13:40 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--Shale development has enabled ?xml:namespace>
The advent of shale gas has given US producers a cost advantage since they use ethane and other natural gas liquids (NGLs) as a feedstock.
In contrast, much of the world uses oil-based naphtha, which is more expensive.
“Most ethylene in the world will continue to be made from naphtha-based assets,” IHS chemical analyst Mark Eramo said during a presentation at the Latin American Petrochemical Association (APLA) annual meeting. “This is important because the price will be established by the naphtha based product.”
The APLA conference ends on Tuesday.
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