Price: $ 1295 
BMI View: BMI believes that the UK will not regain its position in output volumes over the long-term and will instead need to turn its attention to improving its competitiveness. While shale gas offers the opportunity for low-cost feedstock, this would have to be accompanied by product enhancement. Yet, industry leaders complain of regulatory confusion and lack of support, indicating that the drive to add value may not be achievable. In volumes terms, BMI does not believe that the British petrochemicals industry will return to its prerecession level of output. What the industry will need to focus on, in order to survive, is competitiveness and value added. Potentially large reserves of shale gas could open the way to long-term supply of ethane to the petrochemicals industry, although the pri ...
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