Dr Farrell: Sustainability of downstream petrochemical sector under threat

A study by Dr Terrence Farrell has found that the sustainability of the downstream petrochemical sector is under threat because of uncompetitive natural gas prices. 

Dr Farrell this morning presented his year-long study of the country’s downstream sector.

The economist said both natural gas shortage and price has led to a reduction in methanol and ammonia production and a loss of jobs in the sector.

He predicted that unless there is a change in policy the sector will get to a point of no return and there will be a collapse of the Point Lisa’s Industrial Estate.

More on this later.

 - Curtis Williams

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