Mike Boswell aka @polymerman explains how polymer producers aim to maximise profit by minimising production costs. However, overproduction in a market with excess capacity may lead to lower prices and force less efficient producers to shut down.
Omani state-controlled petrochemical producer OQ has signed nine agreements worth $88mn with various downstream companies to establish polymer projects in its upcoming Ladayn Polymer Park (LPP) located in Sohar Industrial City.