Italy Petrochemicals Q1 2019
The Italian petrochemicals industry is witnessing slower growth amid weakening economic growth and vulnerabilities inexport markets, particularly for some key petrochemicals consuming industries. Meanwhile, the 490,000tpa Porto Marghera cracker,with 490,000tpa of ethylene capacity and representing nearly a third of national cracker capacity, is set to close by 2021, havingbeen given a temporary reprieve as the site is converted to bio-based chemicals production. As such, the Italian petrochemicalsindustry is set for a reduction in basic chemicals output and a move to more value added, innovative production.
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