Middle East adjusts to U.S. petrochemical competitiveness

11/20/2012 | Chemical Week (subscription required)

Petrochemical producers in the Gulf Cooperation Council states are moving toward value-added products as the U.S. becomes a major producer of shale-based ethane feedstock, according to this analysis. "It is highly likely that in the next 10 years there will be more new crackers built in North America than in the Mideast, because low-cost feedstock is available in the United States and it is not in the GCC countries," said Tony Potter of IHS Chemical.

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