Saudi Arabia Petrochemicals Q3 2018
Saudi Arabia is focusing on increasing the use of liquids for feedstock in order to buffer the petrochemicals industry fromenergy price fluctuations as well as diversify the product slate through heavier cracks. This is in response to rising cost pressures as aresult of a reduction in subsidies for feedstock and electricity prices. Yet, it still retains a competitive advantage over rivals due toeconomies of scale and the high level of integration between upstream energy sources and value chains. Investment is nowfocused on diversifying the product slate, assisted by increasing use of heavier liquid feedstocks. By diversifying feedstock sourceswith mixed feed crackers, Saudi Arabia can buffer itself against oil and gas price volatility and stabilise margins.
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