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New mold for plastics industry

from The National

Gulf petrochemical producers are accelerating plans to replace low-value commodity exports with value-added plastics in a bid to boost revenues, add jobs and make better use of the dwindling natural gas supplies that are the lifeblood of the industry. A shortage of low-cost natural gas, and in some cases high unemployment, is pushing regional governments to reorient their petrochemical strategies to more sophisticated manufacturing, an industry trade group said last week. more

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