Report Published: "Petrochemical Capacity Additions and Recent Developments - January 2014"
The petrochemical industry witnessed low activities throughout January with most of these centered in Asia-Pacific. There were four major project announcements in the region with one announcement each in China, India, South Korea and Kazakhstan. PTT Global Chemical announced multiple projects in the region with a total investment of $4.5 billion. In India, Oil and Natural Gas Corporation's (ONGC) aromatic plant delayed further and is expected to start in Q3 2014.
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