S Korea urges petrochemical firms to diversify portfolios
The ministry of trade, industry and energy in South Korea recently urged domesticpetrochemicalfirms to diversify their portfolios to cope with the anticipated slowdown in the industry and overcome protectionism. After excellent show in the last three years, the petrochemical industry is likely to experience a downturn, the ministry said.
The slowdown may be due to global trade disputes and the expanding supply from North America, it said.
The government will, however, make efforts to support the growth of domestic petrochemical firms, according to a news agencyreport.
Domestic players should ease their dependency onnaphtha, a key industrial base material, and set eyes on other materials, the ministry said. As naphtha is made from crude oil, it is vulnerable to fluctuations in global oil prices.
Companies should take pre-emptive steps to prepare for the hydrogen economy and seek ways to expand investment and find new opportunities in the segment.
译文如下:
韩国敦促石化公司使投资组合多样化
韩国贸易、工业和能源部最近敦促国内石化企业实现投资组合多元化,以应对预期中的行业放缓,并克服保护主义。该部门表示,经过过去三年的良好表现,石化行业可能会经历低迷。
增长放缓可能是由于全球贸易争端和来自北美的供应不断扩大,该部门表示。
然而,据新闻机构报道,政府将努力支持国内石化企业的发展。
工信部表示,国内企业应减轻对石脑油的依赖,并将目光投向其它原材料。石脑油是一种关键的工业基础材料。由于石脑油是由原油制成的,它很容易受到全球油价波动的影响。
企业应采取先发制人的措施,为氢经济做好准备,寻求扩大投资的途径,并在该领域找到新的机遇。
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