Report: U.S., Middle East trade places in ethylene equation

08/29/2013 | Chemical Week

Middle East petrochemical players are shifting their focus toward producing heavier feedstocks and value-added chemicals as the U.S. enjoys an advantage in the availability of cheap ethane feedstock, according to an IHS Chemical report. "Low regional ethane prices continue to support high ethylene margins for North American producers, while producers in other regions are facing an opposite situation," said Steve Lewandowski, olefins research director at IHS. "The U.S. ethylene industry and the ethylene industry in the Middle East have essentially traded places in terms of supply outlook in the past few years, due to the emergence of low-cost feedstocks."

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