Gulf petrochemicals sector cannot rest on its laurels | The National:
"The region’s petrochemicals industry cannot rely on past advantages, experts say, and must invest and innovate to meet the growing competitive threat coming from a shale gas- driven petrochemicals revival in the US and new coal-to-chemicals technology in China.
In the face of these threats, top industry executives gathering in Dubai for the annual GPCA Forum called for a number of responses, including investment in more sophisticated plants and encouragement of entrepreneurship and a small and medium-sized enterprise culture.
With pressures on the industry coming from lower oil and gas prices, and the development of coal-based polyethylene products in China, “there is a growing need to get more innovative, to get more competitive,” said Mohammed Al Sada, Qatar’s energy minister and chairman of Qatar Petroleum."
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