BASF postpones decision on Texas gas-to-methane complex

June 7, 2016 0

German chemical giant BASF considering the current volatility of raw material prices and economic environment, has postponed its final investment decision regarding construction of a gas (methane)-to-propylene facility at its 25-plant Freeport, Texas, complex. “On-purpose […]

Petrochemical market projected to hit $ 885.07 billion by 2020: Study

July 9, 2015 0

The global petrochemicals market, valued at $558.61 billion in 2013, is anticipated to reach $885.07 billion by 2020, expanding at a compound annual growth rate (CAGR) of 6.8% from 2014-2020, a new study projects.

Since petrochemicals are used in various end-use industries such as construction, automobile and packaging, growth in these end-use industries is one of the major factors driving the global petrochemicals market, according to Transparency Market Research’s “Petrochemicals Market – Global Industry Analysis, Size, Share, Growth, Tends and Forecast 2014-2020.” […]