Petchem powerhouse

The Saudi petrochemicals industry will lead Middle East's rise as one of the most important petchem hubs in the world. But low natural gas prices in North America could eat into the region's market share.

"Over the next several years, the most rapid growth will occur in the emerging nations of Asia-Pacific, Africa and the Middle East, Emerging Europe, and Latin America," said American Chemistry Council, a trade association. "The most notable growth will occur in China and India. The chemical industries of the emerging nations will increase 4.9% in 2012, 6.8% in 2013, and 7.6% in 2014."

http://www.zawya.com/story/Saudi_Arabia_Petchem_powerhouse-ZAWYA20130128053213/