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Polymers
How might polymer production overcapacity lead to an extended period of low material prices?
Mike Boswell aka @polymerman explains how polymer producers aim to maximize profit by minimizing production costs. However, overproduction in a market with excess capacity may lead to lower prices and force less efficient producers to shut down.
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Oman's OQ invests $88mn in local polymer industry
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.
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