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.
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“This could mean a diminishing domestic market for chemicals and resins manufacturers who serve the industry.”
VIDEO: ICIS Asia Lunchtime Bulletin 6 December 2013