Petrochemical

GCC Petrochemical Industry: Move beyond cheap feedstock

The main source of current GCC feedstock is ethane which, along with methane, is naturally found in associated gas. Other significant feedstocks includes propane and butane, both of which are derived from LPG. Lastly, there is naphtha, which is a product of crude oil refining. In contrast it is important to highlight that Naphtha’s contribution in Global feedstock consumption is around 70% in the year 2015, according to Platts. GCC has a significant cost advantage in feedstocks as compared to...