Asian Chemical Connections
At the APLA annual meeting in Rio, the buzz was on how to compete in a new world with cheap US shale gas
US shale gas is causing a major shift in Latin America's petrochemical sector as it re-evaluates its competitiveness. Large-scale projects in the region will be gas-based, while others will be scaled back or cancelled.
Petrochemical chiefs at the APLA forum called for greater efficiency
INSIGHT: China may see major ethylene shortfall by 2019
"At $50-90/bbl for Brent, UBS estimates the internal rate of return (IRR) for China CTO/MTO projects range from 5-10% – mostly too low to justify inve
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