AbstractAbstract
[en] The risks and opportunities in the rapidly developing markets in Southeast Asia, China in particular, were discussed. It was asserted that no other region in the world can match the long-term market opportunities that China and Southeast Asia promise. The forces driving the economic development in Southeast Asia were described, including the great potential the region holds for the petrochemical industry. Graphs showing total polyethylene production vs. demand for year 2005 were included as illustrative examples. By 2005, China is projected to be importing almost one-half of the products it consumes. Every country with excess capacity will supply China with polyethylene. The political uncertainties that makes doing business in the region a high risk undertaking were reviewed, along with other risks relevant to the petrochemical industry such as (1) high capital costs, (2) over-building to the point that there is more supply than demand for the product, (3) low-cost producers may drive down prices to maintain market share, and (4) the uncertain nature of projections regarding economic growth and (5) inflated estimates of demand for petrochemicals. 1 tab., 4 figs
Primary Subject
Source
Canadian Energy Research Inst., Calgary, AB (Canada); [500 p.]; Jun 1997; [19 p.]; Canadian Energy Research Institute; Calgary, AB (Canada); 1997 CERI international petrochemical conference : transformation, growth and future direction; Kananaskis Village (Canada); 1-3 Jun 1997; Available from Canadian Energy Research Institute, 150, 3512-33 Street N.W., Calgary, Alberta, T2L 2A6
Record Type
Miscellaneous
Literature Type
Conference
Country of publication
Descriptors (DEI)
Descriptors (DEC)
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