Growth in Petrochemicals: Is the Only Way Up?

How to manage profits with growth opportunities

 “Global economic growth is lifting more people into the middle class in developing countries, and higher incomes mean sharply rising demand for consumer goods and services.”

This statement from a recent International Energy Agency (IEA) report is good news for the petrochemicals market, forecasting 25% growth for this oil and gas sector. However, does growth mean increased profits? If capacity, product mix, inventory costs, and numerous other factors are not aligned, the answer is…not necessarily.

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