Petrochemical industry eyeing jv route in China and Middle East to sustain growth

摘要

Growing demand for petrochemicals in China and advantage of cheaper feedstock in Middle East are providing joint venture opportunities for producers from other regions, and many planned projects in these regions are being established under joint ventures. According to a new report by business intelligence firm, Glo-balData, companies from the developed world are working with developing markets like China to match their advanced technology with newly expanding pefro-chemicals opportunities in the country.