Russian petrochemicals capacity expansion will fall in line with anticipated growth in the medium term, which will be stimulated by expansion of non-oil industrial sectors and domestic market growth. BMI believes that a structural change in the economy towards domestic demand-led growth should benefit the petrochemicals industry, which is expected to see polymers capacity exceed 10mn tonnes per annum (tpa) by 2017, a three-fold increase over 2008. Domestically driven growth should ensure that expansion does not lead to an imbalance between supply and demand, although in some segments there is the prospect of exports. Major new integrated petrochemicals complexes are …
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