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Chemicals demand expands with rising incomes

  • Chemicals production, and the associated energy demand, migrates to regions with competitive advantages like low-cost feedstocks or burgeoning local demand
  • Developing Asia Pacific sees the largest growth driven by population size and robust GDP growth
  • Middle East chemicals energy demand more than doubles
  • Access to low-cost natural gas liquids (NGL) feedstocks triggers U.S. chemicals expansion
  • Chemicals produced in these key regions are traded globally as intermediate or final products

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