Indonesia Petrochemicals Q4 2019
Indonesia is aiming to achieve petrochemicals self-sufficiency in this rapidly growing Southeast Asian market, thoughthe signs are that demand growth will continue to outstrip capacity expansion and Indonesia will remain a net importer ofpetrochemicals. A number of plans have been outlined with crucial final investment decisions expected in coming quarters,including two world-scale complexes and upgrades and expansion of existing facilities. However, downstream capacities have yet tobe confirmed and schedules have continually lapsed, putting the prospect of completion beyond our five-year forecast horizon.
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