Energy News  
Nexant Sees Bright Future For African Petrochemical Sector

File image.
by Staff Writers
White Plains NY (SPX) Nov 06, 2008
As the petrochemical industry intensifies its global search for new chemical feedstock sources, a growing number of companies are looking closely at Africa's largely underdeveloped and potentially vast hydrocarbon and mineral resources as an alternative source of supply.

In a soon-to-be-initiated study-The African Petrochemical and Fertilizer Industry: Discovering a New Oasis-Nexant, the global energy and petrochemicals consulting firm, will analyze fundamental issues that face these industries as they gear up to address strong demand growth in the African continent.

For example, ethylene demand is expected to roughly triple by 2025 as a result of a demand growth rate that is about twice the global average.

In fertilizers, the typical African farmer uses about one-tenth of the amount of fertilizer per acre that a typical U.S. farmer uses, offering considerable room for increased fertilizer demand. However, the question remains: how will this increased demand be met?

Until now, Africa's relative isolation, underdeveloped local end-use markets, poverty, and political strife have dampened development of the continent's chemical and fertilizer industries.

However, as investment in the region grows, the outlook for future development of a robust African chemical industry is improving. Production costs in the Middle East and other regions are escalating appreciably, making Africa a potentially attractive opportunity.

Community
Email This Article
Comment On This Article

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Nexant
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


China Exploring Various Oil For Arms Deals
Hong Kong (UPI) Nov 5, 2008
The People's Republic of China has been making extensive efforts to penetrate the Middle East and Africa, especially by trading arms for oil.







  • AT And T Launches New Energy-Saving Software
  • Nations That Launch: Where New Technologies And Products Take-Off
  • Nexant Sees Bright Future For African Petrochemical Sector
  • China Exploring Various Oil For Arms Deals

  • Thailand commissions nuclear power plant study
  • IAEA experts going back to quake-hit Japan nuclear plant
  • Austria should exit Euratom Treaty: Green party
  • Czech nuclear power station shutdown extended

  • Global Methane Levels On The Rise Again
  • Measuring The Weight Of Ancient Air
  • On Rocky Mountain Beetle Kill Could Impact Regional Air Quality
  • An Explanation For Night-Shining Clouds At The Edge Of Space

  • Living fossil Helps Predict Rainforest Future
  • Charles presents forest plan to Indonesian president
  • Waste paper price collapses as Chinese factories reduce demand: reports
  • Earthworm Activity Can Alter Forests' Carbon-Carrying Capabilities

  • China finds tainted Japan soy sauce, coffee
  • Nestle withdraws cereal product from US on pesticide concerns
  • China livestock feed safe but problems remain: minister
  • Nestle invests further in China

  • Fill her up please, and make it myco-diesel
  • EU nations agree to push back CO2 auto limits to 2015
  • Car-crazy Germany plans tax relief for 'green' automobiles
  • Road Test For Vehicle-To-Vehicle Communication

  • China plane-makers take first steps to rival global giants
  • Aviation giants look to China amid global turbulence
  • Boeing sees China buying 3,710 planes over next 20 years
  • New EU CO2 caps anger airlines



  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement