Petrochemicals Industry in Philippines 2012
M2 - Wed Jan 23, 6:50AM CST
Research and Markets (http://www.researchandmarkets.com/research/lf96sb/petrochemicals) has announced the addition of the "Petrochemicals Industry in Philippines" report to their offering. Petrochemicals industry in Philippines at the moment is at a start-up stage. This industry is a critical contributor to the overall economic growth of this island nation. To this date, the petrochemical industry greatly leans towards imported raw products due to numerous failed projects and debts. This is in spite of the fact that the market for petrochemicals is likely to remain in good business with an anticipated growth rate of just over five percent in 2011. Credit for this can be given to a rise in domestic demand as well as exports. Growth in the domestic resins market is prompting oil and petrochemical producers in the Philippines to consider investment in downstream industries. Plans revealed recently include Petron's indication that it would resurrect plans for a PP plant at Mariveles, in Bataan, with a capacit