(PRWEB UK) 20 November 2012
Europe and the Middle East’s demand for butadiene has steadily been increasing over the last decade, primarily led by advanced countries from Western Europe, such as Germany and France.
The report Butadiene Europe and Middle East Market to 2020 - North American Supply Shortages to Drive European Exports now available from ReportBuyer.com, states that while the Middle East has upcoming downstream plants to produce Styrene Butadiene Rubber (SBR) and Acrylonitrile Butadiene Styrene (ABS), which promise to encourage the butadiene industry in the region, Europe is relying on the US to fuel their butadiene industry.
The newfound love for shale gas in the US is leaving their petrochemicals industry in the dark, as crude oil feedstock for butadiene production goes out of vogue, and Europe is reaping the benefits. The US is starting to increase its use of shale gas as an energy source instead of crude oil, and since shale gas contains less C4 hydrocarbons (which when cracked produces butadiene), the US is experiencing an increasing shortage of locally produced petrochemical. As a result, local butadiene consumers are increasingly relying on foreign imports.
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