Petrochemical Industry - Key Geographies Experiencing Change in Feedstock Scenario
Feedstock cost is the most important factor that determines the competitiveness of the petrochemical producers. It accounts for the largest portion of production cost, making it imperative for the petrochemical producers to choose a feedstock that provides a cost advantage. However, feedstock options for the petrochemical producers are limited and depend on the location of the manufacturing facilities. Naphtha, natural gas and coal are the three major feedstocks used in the global petrochemical industry. Most of the regions are dominated...
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