Beating the odds to be a global petrochem leader
In an interview, Tsutomu Tannowa with Chemical Today Magazine talks in depth about Japan’s vision and mission for the growth of its petrochemical industry.
By Shivani Mody
Opportunities for the petrochemical industry in Japan.
The immediate challenge faced by the petrochemical industry in Japan and Asia is the magnitude of the influx of products derived from shale gas in the US, especially polyethylene (PE). From the latter half of this year till 2018, 4.5 million tons will rise intensively out of 7 million tons of construction plan until 2020, so the supply-demand balance is likely to be lost. In 2018, the surplus of products derived from shale gas will go to Central and South America, Europe, and Asia. Especially, many are looking towards China, which is the world's largest demand site, and we are forced to receive short-term influences such as price reduction.
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