Asian Chemical Connections
Saudi Arabia's petrochemical competitive advantage will be significantly eroded if ethane feedstock prices are increased, said Jamal Malaikah, president and chief operating officer of National Petrochemical Industrial Co (NATPET).
"Any hike would serve a serious blow to Saudi Arabia's primary petrochemical industry, making it less competitive. The industry will be less profitable, attract fewer investments, and growth will slow down," Malaikah said in an interview with ICIS on the sidelines of the Gulf Petrochemicals & Chemicals Association (GPCA) Plastics conference in Dubai.
INSIGHT: China’s apparent PE demand is too good to be true
“China’s PE demand on an apparent basis was up by a staggering a 25% in January-May this year over the same period in 2012.”
VIDEO: ICIS Special Report - Asia methanol, acetic acid