New Feedstock Sources and Encouraging Investment Climate Raising Prospects for the Petrochemical Industry
In recent years, drastic changes in the global petrochemical industry have been noticed. Many new sources of feedstock have been discovered in various parts of the world. The availability of a large amount of feedstock will subsequently lead to the development of the petrochemical industry in those areas. The discovery of subsalt reserves in Brazil has significantly changed Brazil’s petrochemical industry. The advantaged feedstock, both natural gas and naphtha, of the Middle East has led to its rise in the petrochemical industry worldwide. Saudi Arabia and Iran, two of the largest economies of the Middle East, have an enormous amount of planned petrochemical capacity coming online in the next five years. The high cost of crude oil has led Canada to look at the potential of its oil sands reserves. The discovery of shale gas reserves worldwide has changed the petrochemical industry completely. The US is the leader in shale gas technology; hence it is helping other countries like India and China in analyzing their shale gas potential. Poland has started its shale gas exploration, which, if successful, could alter the European petrochemical industry.
Analyses the new feedstock sources and its impact on the petrochemical industry
Analysis the advantages of availability of feedstock in the Middle East region
Reasons to buy
Understand the key feedstock trend in various regions
Formulate strategies based on the current trends in the industry