CERESANA ANNOUNCES NEW STUDY ON ETHYLENE

摘要

Ethylene is needed for plastic bottles, textile fibers and water pipes. The most produced petrochemical is mainly used for the production of plastic. A new study of the market research institute Ceresana Research shows that ethylene producers are recovering from the sharp drop in the year 2009. "By 2017, worldwide ethylene revenue will reach again the current 2008 peak volume, which is more than 160 billion US$," explains Oliver Kutsch, president of Ceresana Research. "Ethylene prices already recovered during 2010, after they had declined at an average rate of 35% in 2009".