April 2006

Trends and Resources

HP Impact: HPImpact: Petrochemicals sector in China sees rapid capacity buildup

Surprisingly, despite China's oil-poor reputation, that country could become a major competitor in petrochemical production, says a new analysis from SRI Consulting (http://wp.sric.sri.com). "In the h..

Weirauch, Wendy, Hydrocarbon Processing Staff

Surprisingly, despite China's oil-poor reputation, that country could become a major competitor in petrochemical production, says a new analysis from SRI Consulting (http://wp.sric.sri.com). "In the home market, a recently built, state-of-the-art petrochemical complex in China can be very competitive against Saudi Arabian producers exporting to China, even though the Saudis have unparalleled feedstock cost advantage," according to Dr. Ken Zheng, with SRI Consulting. In July 2005, the Chinese government allowed its currency (RMB) to appreciated against the US dollar by 2.1%. Considerable international pressure still lingers for the RMB to appreciate further. However, authors of this report

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