The Middle East is set to be the global hub for petrochemicals, as the region enjoys lower-cost feedstocks and accessibility to growing markets, writes chemical analyst Glyn Johnson. Before, multiple sites in the U.K. and Germany have been considered hubs, but the Middle East has gained production advantages over them. The Middle East still holds those advantages, "but the changing dynamic of what is and is not an economically viable feedstock position gives new regional opportunities for some," Johnson argues.

Related Summaries