18 November 2013 20:01 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--The competitive threat from US shale gas has led Latin American petrochemical players to shift their focus from large new projects to ones based on greater efficiency, a sales manager from BASF’s catalysts business said on Monday.
“Producers in Latin America are focusing on more efficient processes. Originally, they were looking at an aggressive plant build programme, but that’s been put on hold,” said Thomas Keating, regional sales manager, NAFTA and South America, for BASF’s Process Catalysts and Technologies business.
Keating spoke on the sidelines of the 33rd annual Latin American Petrochemical Association (APLA) meeting.
“South America needs to find ways to compete. Higher selective and active catalysts can help producers reduce costs,” said Heiko Urtel, director of petrochemical catalysts for BASF.
The APLA conference continues through Tuesday.
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