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ME, petrochemicals push
- United Arab Emirates: Tuesday, March 22 - 2005 at 06:38
The Middle East could become a global centre for the petrochemicals business, according to a report by McKinsey and Company at ArabPlast 2005. Low-cost feedstock and labour, and growing demand in Asia will raise the Mideast's share in the global ethylene market from the current 9 percent, to 17 per cent by 2010, and 40 per cent of all new ethylene capacity will be built in the Middle East.
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James McInerney, News EditorTuesday, March 22 - 2005 at 06:38 UAE local time (GMT+4)
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