June 2001

Trends and Resources

HP Impact: HPImpact: Asia Olefins Update

The region has undoubtedly launched itself on the road to recovery. To take full advantage, Asia must face up to some key issues: Sufficient real economic and structural change may not have taken pl..

Weirauch, Wendy, Hydrocarbon Processing Staff

The region has undoubtedly launched itself on the road to recovery. To take full advantage, Asia must face up to some key issues: Sufficient real economic and structural change may not have taken place to ensure that recovery will be robust and continuing. This is a particular issue in South Korea, but is also raising its head in Indonesia, Thailand and the Philippines. Will Chinese economic growth fuel sufficient polymer demand to absorb the Middle East's C2 and, to a lesser extent, C3 growth? Our estimate under current conditions is that in the short term, the absorption of C2 derivatives will be painful, but that by 2003 - 2004 the pain will diminish. China has taken steps to

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