Risk factors have turned in favour of the Qatari petrochemicals industry after a period of uncertainty. The sector hasovercome the problems posed by the Saudi-led trade blockade by rerouting exports, while the rise in the price of crude has raisedthe cost of naphtha-fed production which puts Qatar's ethane-fed industry in a favourable position. Additionally, the US-China tradewar has given Qatari polyethylene an advantage over US rivals in the Chinese market. These factors will support plans for a newethane-fed cracker with 1.6mn tpa of ethylene production capacity, which will utilise growth in gas output from the newdevelopment of the North Field.
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