July 2010

Trends and Resources

HP Impact: German petrochemical industry faces competition from Asia-Pacific

The German petrochemical industry can leverage its advantage in technology to secure modest growth in exports to emerging markets in 2010, according to a recent report from BMI. However, the EU remain..

Thinnes, Billy, Hydrocarbon Processing Staff

The German petrochemical industry can leverage its advantage in technology to secure modest growth in exports to emerging markets in 2010, according to a recent report from BMI. However, the EU remains its largest market for German producers, and BMI is not optimistic about its prospects. BMI believes output will grow at a modest rate of 4.5% and sales by 5.0%. According to statistics from the Verband der Chemischen Industrie (VCI, the German chemical industry association), the German chemicals industry continued to strengthen in the fourth quarter of 2009, although growth was largely as a result of low base effects. Capacity utilization was 77.9% by the end of 2009, which was below the 80%

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