BARCELONA (ICIS)--China’s new plan to accelerate a huge investment in Iran’s energy and petrochemicals shows how geopolitics is now driving petrochemical investments rather than economics.
- China to accelerate investment of up to $230bn in energy and chemicals investments in Iran
- Deteriorating US-China relations driving a new Cold War
- Iran has huge resources and potential for chemicals
- Iran could become major exporter of chemicals to China and Asia at expense of US
- Iran is already ramping up exports of methanol to China
- Geopolitics is now driving petrochemicals
- Conflicting signals on downstream chemicals demand for July and August
- China – worst floods in decades jeopardise economic recovery
- Chemical industry needs to react to structural changes in automotive, aviation, energy industries
- Focus on sustainability and affordability
- Sell solutions, not just products
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