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Chile Petrochemicals Report 2011
Business Monitor International, Nov 2010, Pages: 46
Chile Petrochemicals Report provides industry professionals and strategists, corporate analysts, petrochemical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Chile's petrochemicals industry.
The petrochemicals outlook has been clouded by the inability of Argentina to deliver contractual GAS supplies, according to latest Chile Petrochemicals Report.
Problems in securing adequate domestic gas supplies to operate Methanex’s Chilean methanol complex and limited refining capacity mean it is unlikely that Chile will see any increase in petrochemicals capacity over the medium term. With Argentina facing its own restrictions on gas supplies and restricting supply to its western neighbour, Chile needs to develop its domestic feedstock sources in order to support production at existing plants. The supply deficit is only likely to widen over the medium term and import levels may even fall short of the level required to sustain both the petrochemical industry and Chile’s energy needs. Consequently, raw material prices will rise in an increasingly tight market, with knock-on effects for downstream industries and the competitiveness of Chilean petrochemical producers.
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