BMI View: The Thai petrochemicals industry is now looking to add value to basic chemicals production following a surge in olefins and polymers capacities over recent years. We examine ongoing projects and assess the short-term and long-term risks as Asia struggles with over-supply and a volatile market scenario. Thailand’s petrochemicals industry has made rapid progress. The policy of free competition in the industry has led to an increase in investment, as well as production capacity. Established manufacturing groups have focused on building a completely integrated industry and expanding investment opportunities to a global scale.
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