Thursday, May 20, 2010

20% of European polyolefin demand to shift to the Middle East by 2015

Almost 20% of European polyolefin demand currently satisfied by domestic suppliers will shift to the Middle East by 2015 as per ICIS. By 2015, the global industry will have an over-capacity of 15%, leeading to plant closures in matured economies like Europe and Japan.

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