Deteriorating demand for petrochemicals amid a global economic meltdown has resulted in stockpiling with several key producers, compelling them to mull production cuts or plant shutdowns. Malaysian state energy firm Petroliam Nasional Bhd (Petronas) has announced shut down of its polyethylene and PVC plants including the joint-venture facilities in Kertih for an indefinite period.
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SABIC reduces output at European plants
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