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Borealis CEO says repeat of 2008 petchems collapse unlikely

from Platts

The chief executive of Austria-based chemicals company Borealis, Mark Garrett, told Platts the global market turmoil is unlikely to lead to a repeat of the collapse of the petrochemicals market in late 2008. "Is it a repeat of the fourth quarter of 2008? No, we don't think so," Garrett said in a telephone interview after the release of the company's second quarter results. more


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