SINGAPORE (ICIS)--Japan’s petrochemical industry must actively pursue continuous reform amid threats posed by new capacities being built in the Middle East, China and North America, the Japan Petrochemical Industry Association (JPCA) said in its country report. “In the medium to long-term… the influx of products from large-scale petrochemical complexes in the Middle East, as well as the building of new and additional facilities for coal-based and shale gas-based petrochemical products in China and North America, respectively, remain threats to Japan’s petrochemical industry, which must continuously carry out reforms if it is to survive,” JPCA said.
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