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New Chemicals and Plastics Plants to be Set Up in Qatar and Saudi Arabia
BANGALORE, INDIA--March 25, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Middle East petrochemical and plastics projects are continuing to develop, despite the fall in commodity and raw material prices in the credit crunch, with new plants to be set up in Mesaieed, Qatar and in Rabigh and Al-Jubail in Saudi Arabia. With large available feedstock and equally large investments leading to economies of scale, the region is well placed to take a large share of the global petrochemical growth.
Companies featured: ThyssenKrupp AG (FRA:THK), Maire Tecnimont SpA (BIT:MT), Sumitomo Chemical Company Limited (TYO:4005), Rabigh Refining and Petrochemical Company (SAU:2380), General Electric Company (NYSE:GE)
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Industry Segment: Chemical Processing
Word Count: 542 Words
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