The study highlights the industry’s growth is largely due to new capacity added in Saudi Arabia, the region’s largest petrochemical producer with 99.1 million...
FEATURES & ANALYSIS
The Middle East petrochemical industry has developed rapidly from very modest beginnings to a multibillion dollar business. In the last several years the industry has witnessed major changes and disruption globally and the key to overcoming new challenges is innovation and development.
A recent shift in supply and demand in the GCC region for natural gas means that the petrochemical sector is facing a shortage of the feedstock. Use of gas helps keep production costs low.